RBI did not shift any gold abroad in 2014 or thereafter
Reserve Bank of India on Friday clarified that it has not shifted any gold to abroad in 2014 or thereafter.
RBI stated that the reports in certain Print and Social Media section that RBI transferred gold abroad are factually incorrect.
However, RBI clarified that it is a normal practice in Central Banks globally, to keep their gold reserves with Central Banks of other countries like Bank of England.
We have come across reports in certain sections of the print and social media regarding RBI shifting abroad a part of its gold holding in 2014. It is a normal practice for Central Banks world over, to keep their gold reserves overseas with Central Banks of other countries like Bank of England for safe custody. It is further stated that no gold was shifted by the RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually incorrect