The Central Bank of Hungary
The Central Bank of Hungary has increased its gold reserves by a factor of 10 this month, from 3.1 tons to 31.5, it announced today (October 16).
The MNB released a press release in Hungarian, saying that it had bought the gold this month and that its holding was valued at around $1.24 billion. The decision to suddenly increase the bank’s holdings of gold may have been strongly influenced by Hungary’s prime minister Viktor Orban, leader of the country’s right-wing Fidesz party.
Orban asked the