New Country Begins Ditching US Dollar, Accumulates Gold in Central Bank
It’s no longer the Asian countries that are aggressively accumulating gold in their central banks and ending reliance on the US dollar. A new European country joined the league to become the biggest buyer of gold last month diversifying its assets in the central bank and not giving foremost importance to the US dollar. If European countries start the trend of diversification in central banks, it could cause major financial havoc in the US. Also Read: 50 Countries Eye De-Dollarization & Reduce US Dollar Dependency Poland’s Central Bank Starts Accumulating Gold, Sidelines US Dollar in Reserves Soirce: Watcher Guru The new European country to accumulate tonnes of gold in their reserves and sideline the US dollar is Poland. Poland’s central bank brought 16 tonnes of gold last month making it the biggest buyer of the precious metal in March. It even raced ahead of China, India, Russia, and Brazil who were actively accumulating the glittery metal since 2022. Also Read: De-Do...