El Salvador Diversifies Reserves with $50 Million Gold Acquisition

El Salvador has taken a significant step in diversifying its financial reserves by purchasing $50 million worth of gold. This purchase, overseen by the country’s Central Reserve Bank (BCR), marks the first such acquisition since 1990 and is designed to strengthen economic stability. The BCR recently confirmed acquiring nearly 14,000 ounces of gold, boosting El Salvador’s national reserves and enhancing their overall financial resilience.