Bosnia and Herzegovina’s Central Bank (CBBH) has made a significant move in securing the nation’s financial stability by increasing its gold reserves to an all-time high.
Last year, the bank purchased an additional two tonnes of gold, raising the precious metal’s share of the total foreign reserves to 3.5%.
This strategic shift, reflecting a broader trend among central banks globally, has already yielded €21.4 million in profit.
The rising value of gold, spurred by geopolitical tensions and fears of a global recession, makes it a preferred asset for protection against economic volatility.
CBBH’s decision aligns with its cautious approach to diversifying reserves, ensuring both long-term security and resilience against unpredictable market shifts.
Experts, like Professor Adnan Rovčanin from the University of Sarajevo, argue that gold’s stability amid market turbulence makes it an invaluable investment, despite the inherent risks of all financial ventures.
