Croatia buys gold worth 95 mln euro upon eurozone entry - report

The purchase was carried out solely for the purpose of transferring part of country's international reserves to the ECB, public TV HRT quoted Croatian central bank governor, Boris Vujcic, as saying on Friday.

The gold was transferred to the ECB and would be managed there in line with ECB rules, he added.

The largest portion of Croatia's international reserves remains in the country under the management of its central bank, while from the remaining smaller part 15% should be kept in gold and 85% in U.S. dollars, Vujcic said.

Croatia joined the eurozone on January 1, 2023.

($=0.931 euro)