What is the function of Eurozone member state central banks? What is their need for gold?
What is the function of Eurozone member state central banks? What is their need for gold?
Prompted by news about the Dutch central bank (DNB) moving gold reserves out of the US & Canada https://www.bbc.com/news/articles/cvgyn8q8gqxo
I assumed the European Central Bank bears the responsibility for the Euro, interest rates, etc. So why do member state central banks need gold reserves, or even still exist?