Ukraine sells billions in gold it may not have

The country has sold more bullion than it was reported as having prior to the conflict Ukraine’s central bank has sold $12.4 billion of gold reserves since February, Reuters has reported. However, a precious metals expert says the numbers don’t add up. “We are selling [this gold] so that our importers are able to buy necessary goods for the country,” the agency quoted Katerina Rozhkova, first deputy head of the National Bank of Ukraine, as saying on national television on Sunday. The gold was not being sold to support Ukraine’s currency, the hryvnia, Reuters added. However, questions have been raised about the re

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