Birdwatch Note Rating
2024-07-05 15:03:58 UTC - NOT_HELPFUL
Rated by Participant: 1EBFE984D17AEF0820C8334E75C4FDF625909EF725AC1FF0792BD18AC5D1396F
Participant Details
Original Note:
In 1990-91 foreign exchange crisis, India pledged part of its reserves to the Bank of England for a $405 mn loan. Loan was repaid in Nov 1991 but RBI kept the gold in UK for logistical reasons. The RBI has moved 100 MT of its gold stored in the UK to domestic vaults in FY24 https://www.businesstoday.in/latest/economy/story/what-made-rbi-move-100-tonnes-of-gold-from-uk-to-its-vaults-heres-an-explainer-431671-2024-06-01
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