TechFlow news, September 8 — According to Jinshi Data, on September 5, the Central Bank of El Salvador announced the purchase of 13,999 ounces of gold worth $50 million. This acquisition increased its gold reserves from 44,106 ounces to 58,105 ounces, valued at $207.4 million. This marks the first time since 1990 that El Salvador's central bank has bought gold. The country is following in the footsteps of central banks in China, India, and Turkey by increasing its gold holdings. El Salvador stated that the gold purchase is part of its strategy to diversify international reserves. The central bank expressed confidence in gold, viewing it as a global strategic asset. Previously, El Salvador had focused on accumulating Bitcoin.
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