Recently, there have been certain news items in print and electronic media quoting certain parties that the Central Bank is trading in gold, locally. Such statements are baseless and appear to have the intention of misleading the public, stated the Central Bank in a statement recently.

It also said the Central Bank manages the official international reserves of the country and maintains its foreign currency balances in reputed international banks overseas in foreign currency denominated instruments and gold. The Central Bank conducts transactions in gold only in the international market, as a part of its international reserve management operations. Accordingly, the Bank does not engage in any gold transactions in the domestic market, it added.

The public is therefore, notified that these statements in print and electronic media regarding sale of gold by the Central Bank are blatantly false and should not be misguided by such false information.