Liquidation of gold sovereigns at the Bank of Greece (BoG) last year reached 52,241, up by 14.6 percent from the previous year, 2021, a development attributed to a tightening economic situation due to surging energy prices – which greatly contributed to unprecedented eurozone inflation – as well as high gold prices.
Nevertheless, the figure is a far cry from the 2007-08 period – down by roughly 85 percent.
Conversely, the number of gold sovereigns (the UK bullion) sold by the BoG totaled 11,236.
For 2021, the figure is 45,588 gold sovereigns liquidated, and 6,531 purchased.
Compared with a peak in 2010 – the year that witnessed the first institutional bailout for Greece – purchase of gold sovereigns in the country was down by 94 percent.
Although Greece’s central bank is essentially the only legal point for buying and selling gold sovereigns (along with at least one commercial bank), an “underground” market also exists for buying and selling of such traded coins, which means that only official transactions are recorded.
Liquidated sovereigns’ value was estimated at 20.3 million euros.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
![Τουρισμός: Πάνω από 5 εκατ. αφίξεις σε καταλύματα τον Σεπτέμβριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2021/10/katalymata-90x90.jpg)
