🇮🇱 Argentina's central bank lost more than a billion dollars on gold derivatives. In 2025, the loss was recorded despite a 65% increase in the price of gold. According to AGN data, the central bank has activated 94% of the country's gold reserves. The head of the AGN, Juan Manuel Olmos, explained the losses as an error in the calculation of the path of the prices. The central bank stated that the transactions, which have been in effect since 2007, are used as insurance against the decline in the value of gold, and admitted losses in the years of rising metal prices.

🇮🇱 Argentina's central bank lost more than a billion dollars on gold derivatives. In 2025, the loss was recorded despite a 65% increase in the price of gold. According to AGN data, the central bank has activated 94% of the country's gold reserves. The head of the AGN, Juan Manuel Olmos, explained the losses as an error in the calculation of the path of the prices. The central bank stated that the transactions, which have been in effect since 2007, are used as insurance against the decline in the value of gold, and admitted losses in the years of rising metal prices.

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