The National Bank of the Republic of North Macedonia reported on a working visit by its governor and experts to the Bank of England vault where the country’s monetary gold is held, including an inspection intended to confirm the gold’s condition and storage arrangements. North Macedonia holds around 6.9 tonnes of monetary gold as part of its foreign exchange reserves, with a current market value of around EUR 800 million. The gold is stored at the Bank of England in allocated form as marked bars meeting the London Good Delivery Standard (at least 99.5% purity and around 400 fine ounces, or about 12 kg). Following a prior request, a sample of bars was presented and visually checked, with the samples found to match the serial numbers and standard specifications; the central bank noted that such checks are a routine part of ensuring high security and safety standards for monetary gold. The release also noted that, under favourable market conditions, the gold could be used to generate additional monetary income through short-term deposits and gold transactions with central banks and top-tier foreign commercial banks.
National Bank of the Republic of North Macedonia 2025-12-02
National Bank of the Republic of North Macedonia verifies 6.9 tonnes of gold reserves stored at the Bank of England
The National Bank of the Republic of North Macedonia conducted an inspection of its 6.9 tonnes of monetary gold stored at the Bank of England, confirming the gold's condition and compliance with the London Good Delivery Standard. The inspection is part of routine security measures, and the bank noted potential for generating additional income through short-term deposits and transactions under favorable market conditions.