For the first time since September 2019, China’s central bank released data on the increase in gold reserves.
China’s central bank says it has added 32 tons of gold worth $1.8 billion to its gold reserves.
According to the news, after the latest increase in gold reserves, China’s gold reserves have reached 1980 tons by the end of November this year, which is worth 112 billion dollars.
After Russia, Germany and the United States, China has become the sixth country with the largest gold reserves, while the United States is the top country with 8,133.5 tons of gold reserves.
Before China’s recent announcement, it was long reported that there was no increase in China’s gold reserves, but now China has announced that its gold reserves have increased by hundreds of tons.
The World Gold Council said last month that central banks around the world bought 399 tonnes of gold in the third quarter of 2022, the highest ever in three months.
According to the Gold Council, central banks that bought gold did not publicly announce such purchases, fueling rumors that China and Russia were hoarding gold. Is.
The data on the recent increase in China’s gold reserves was released in a report by the People’s Republic of China Bank of China, which showed that China’s foreign exchange reserves increased more than expected in November.