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Maroc Maroc - WN.COM - Environment - 04/May 02:55

Gold borrowing proposal sparks concerns over risks, goldisation

The proposal to allow businesses to borrow gold from the public has triggered concerns over how to effectively to unlock the vast idle assets for production while preventing risks and safeguarding system security. HÀ NỘI — A proposal to allow businesses to borrow gold from the public has sparked debate over how to unlock large volumes of idle assets for production while preventing financial risks and safeguarding monetary stability. The Vietnam Gold Business Association has recently proposed that the Government permit jewellery firms to borrow gold from households at negotiated interest rates, arguing that the lack of a legal framework has left significant quantities of gold sitting...

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