We conduct all the necessary services to maximize the benefits of the Domestic Purchase Programme;
- Quality Control
- System Integration
- Risk Management
The primary role of central banks is to manage a nation’ resources and investment policies on the longer term.
Once an official currency, Gold has become a cornerstone of modern reserves management and has been at the heart of central banking for centuries.
According to the IMF, Gold is the third most widely held reserve currency after the US Dollar and the euro, and is held by more than four in five central banks. The World Gold Council reported that there is approximately 34,211 tonnes (EUR 1.7 trillion) of above ground physical gold held by central banks as at 31 December 2020. This represents about 17% of the total above ground stocks of physical gold.
Central banks gold reserves are often tranched into two aspects:
Reasons why central banks hold physical gold in their reserves: