Serbia is planning to move all its gold reserves to its territory for safety in the event of a crisis in the country, Bloomberg reports. “The Central Bank of Serbia plans to move all of its gold reserves, worth about $6 billion, to the country to ensure the safety of the stocks in times of crisis,” the agency writes.
According to it, this will make Serbia the first country in Eastern Europe that will not store its gold in traditional centers such as Switzerland, the UK and the US.
The National Bank of Serbia specified that efforts to return the resources began in 2021 amid “increasing global uncertainty.”
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