Central Bank Reports Significant Growth in Gold Reserves
On March 2, 2025, the Central Bank announced a remarkable 45.1% increase in its gold reserves during the fourth quarter of 2024 compared to the same period in the previous year.
According to the bank’s official statement, gold reserves rose substantially from 12.29 trillion dinars in the fourth quarter of 2023 to 17.83 trillion dinars in the fourth quarter of 2024. This increase has been attributed to higher quantities of gold holdings and a surge in global gold prices.
The statement further emphasized that this growth in reserves carries significant advantages, as it enhances economic and financial stability, serves as a safeguard against potential risks, and is a crucial instrument for intervention in the foreign exchange market.
This strategic accumulation of gold reserves is poised to contribute to the overall resilience of the economy, underscoring the Central Bank’s commitment to maintaining financial health in the changing global landscape.
