BUCHAREST, Romania -- Chamber of Deputies President Liviu Dragnea and Socia Democratic Party Sen. Serban Nicolae have proposed a bill to force the National Bank to store 95 percent of Romania's gold reserves in the country.
The bill is meant to change the law that establishes the National's Bank statute. According to the document, the reason for this demand is that gold stored abroad produces only additional costs with storage. The bill also wants to eliminate the word "international" from the terminology used by the National Bank in "international gold reserves."
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