Birdwatch Note Rating
2024-06-01 18:51:55 UTC - NOT_HELPFUL
Rated by Participant: B2CAA38355E676F3DF85EF1248D277555BC1ADE98E3A4AD90BDEC6A8A4C32E12
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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