The People’s Bank of Serbia has decided to repatriate $6 billion worth of gold reserves held abroad. This was reported in Bloomberg.
According to the newspaper, Serbia acquired 5 tons of gold in 2024, but the bars still remained in Switzerland. The head of the People’s Bank of Serbia, Jorgovanka Tabakovic, said they would be delivered to their homeland “as soon as possible.” The total volume of the country’s gold reserves will amount to 50.5 tons.
Serbia will become the first country in Eastern Europe to completely abandon the storage of gold abroad, Bloomberg notes.
Work on the repatriation of reserves began back in 2021 against the backdrop of growing global instability.
Earlier, Russian Foreign Minister Sergei Lavrov expressed the hope that Western countries, “which usually try to take advantage of” the internal problems of various states, would not engage in “color revolutions” against Serbia.
