The Traderszone Network

Published in TZ Latest News 24 November, 2014 by The TZ Newswire Staff

Ukraine Central Bank Admits Gold Outflow, Calls It "Optimization Of Reserve Structure"

A week after we reported that the head of the Ukraine central bank admitted in an unofficial, informal interview that Ukraine’s gold is gone, all gone, moments ago the Central Bank revealed that, sure enough, the gold holdings in the civil war-torn country have tumbled, as a result of a decision in September to “increase the share of US dollars in a reserve basket”, or in other words, to sell the gold.

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