Romanian president stalls repatriation of gold reserves


From Romania Journal, Bucharest
Wednesday, November 20, 2019

President Klaus Iohannis has sent back to Parliament the law on gold repatriation initiated by the former Social Democratic Party leader Liviu Dragnea and by the party's Sen. Serban Nicolae. The law says Romania's gold reserves deposited abroad should be stored in the country.

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In June this year the law was declared constitutional after the judges of the Constitutional Court of Romania rejected the opposition's referral.

Now the president has sent the law back to Parliament for re-examination, arguing that it "can affect the National Bank's legal powers" and might increase financing costs ....

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