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Small Asian nation dumps dollar & yuan for gold amid growing global trade hostilities

June 21st, 2018
Categories: News

Link: https://www.blacklistednews.com/article/66595/small-asian-nation-dumps-dollar--yuan-for-gold-amid-growing-global-trade.html

China’s neighbor Kyrgyzstan has been piling up gold reserves as a hedge against a possible trade war between Beijing and Washington.

The country is seeking to boost the share of gold in its $2-billion international reserves to 50 percent from its current 16 percent.

Gold is Kyrgyzstan’s largest export. Since 2014, the country’s central bank has been buying up as much of the country’s gold as possible,

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