POPA ReconIMF "Domesticly produced gold can also be incorporated into foreign exchange reserves"
IMF "Domesticly produced gold can also be incorporated into foreign exchange reserves" Original article There has been some controversy in the market over whether gold purchased domestically in won and stored domestically can be included in reserve assets according to IMF statistics. Gold can be classified as currency gold if it has a purity of 99.5% or higher, and there is no need for additional refining to the level of London Good Delivery (LGD). The Bank of Korea has also been purchasing gold exchange-traded funds (ETFs) since the second quarter. Although ETFs are classified as securiti…
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