Tag: Gold Reserves
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Malacañang Dismisses Duterte’s Allegations of Gold Reserve Sales as Baseless Intrigues
In a decisive response to former president Rodrigo Duterte’s recent allegations, Malacañang Palace has firmly dismissed claims that President Ferdinand R. Marcos Jr. is involved in selling the country’s gold reserves. The accusations were labeled as ‘baseless’ and mere ‘intrigues’ by Presidential Communications Office Undersecretary and Palace Press Officer, lawyer Claire Castro, during a press…
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Philippine Central Bank Solely Manages National Gold Reserves
MANILA – The Bangko Sentral ng Pilipinas (BSP) announced on Monday that it exclusively manages the Philippines’ gross international reserves (GIR), which include gold. The central bank’s primary goal is to ensure the stability and convertibility of the Philippine peso and to fulfill any anticipated foreign currency demands. The BSP emphasized that the GIR is…
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