El Salvador Increases Gold Reserves as Part of Diversification Strategy

According to BlockBeats, El Salvador's central bank announced on September 5 the purchase of 13,999 ounces of gold valued at $50 million. This acquisition raises the country's gold reserves from 44,106 ounces to 58,105 ounces, with a total valuation of $207. 4 million. El Salvador stated that the gold purchase is part of its strategy to diversify international reserves source: https://www.binance.com/en/square/post/29404065159337?utm_source=BinanceNewsRSS