By Andra Timu - Sep 5, 2011 9:47 AM ET .
...
Romania’s central bank will analyze the future structure of the country’s international reserves and a possible increase of the gold reserve, Mediafax reported, citing Governor Mugur Isarescu.
The bank’s policy board will discuss a proposal made by President Traian Basescu to double the country’s gold reserves to almost 200 tons in the following period, after developing the Rosia Montana gold mine, together with Gabriel Resources Ltd. (GBU), Isarescu said in a speech in the south-eastern city of Constanta, according to Mediafax.
To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
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Nov 22 2005 3:47PM CB should increase gold weighting in reserves - Putin
MAGADAN. Nov 22 (Interfax) - The Central Bank should review its gold and forex reserves policy in favor of increasing the weighting of gold, Russian President Vladimir Putin said in Magadan.
"I think that the CB should pay more attention to precious metals on Russian territory when forming its gold and foreign-exchange reserves," Putin said at a gold industry conference in the city.
"The reserves are after all gold and forex reserves. Let's not be too restrained here," Putin said
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President Vladimir Putin holds a
gold bar at a mineral resources exhibition in
Madagan in the Russian Far East, Nov. 22, 2005.
Itar-Tass photo.
gold bar at a mineral resources exhibition in
Madagan in the Russian Far East, Nov. 22, 2005.
Itar-Tass photo.
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