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BNR's potential gold buys from Rosia Montana would require 'cash arrest' to rein in inflation

If the central bank bought gold from the Rosia Montana mining project, as the institution responsible for overseeing the monetary system, it should also 'arrest the cash generated by this amount of gold, in order to prevent inflation,' Lucian Croitoru, advisor to the governor of the National Bank of Romania (BNR), declared on Friday.'By law, BNR is required to ensure the stability of prices, to promote a monetary policy that keeps the ...

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