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'No gold shifted outside India in 2014 or thereafter': RBI debunks reports

The Reserve Bank of India (RBI) Friday said no gold was shifted outside the country in 2014 or thereafter.

India TV Business Desk India TV Business Desk
New Delhi Updated on: May 03, 2019 19:13 IST
'No gold shifted outside India in 2014 or thereafter': RBI

'No gold shifted outside India in 2014 or thereafter': RBI comes out with clarification, refutes reports

Refuting reports, the Reserve Bank of India (RBI) has clarified that no gold was shifted outside the country in 2014 or thereafter. The statement comes against the backdrop of reports in certain sections of the print and social media regarding the central bank 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, according to the statement.

"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," the statement said.

The Congress party had tweeted a report regarding shifting of 200 tonne of the RBI's gold to Switzerland in 2014.

"Did the Modi govt secretly transport 200 tonnes of RBI's gold to Switzerland in 2014?," the party had tweeted while tagging the report. 

Also read: RBI to issue new 'greenish yellow' coloured Rs 20 notes: All you need to know

Also Read: RBI to buy Rs 25,000 crore worth govt securities in May

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