Birdwatch Archive

Birdwatch Note Rating

2024-06-02 05:23:01 UTC - NOT_HELPFUL

Rated by Participant: C864CCA38A6F20F39F984FA5AB3F7EA7EEB592E003C792D5CD1275C669E5C6F4
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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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Original Tweet

All Information

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