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[POLITICS] · Argentina, Switzerland, United Kingdom · 12 sources

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Central Bank of Argentina gold reserves face Senate scrutiny

Santiago Bausili, president of the Central Bank of Argentina (BCRA), is facing intense scrutiny from the Argentine Senate regarding the location and management of the nation's gold reserves. During testimony, Bausili asserted that a portion of the gold ingots moved abroad are held at the Bank for International Settlements (BIS) in Switzerland, arguing that international deposits allow the assets to function as financial tools rather than remaining immobile in vaults.

Opposition senators have challenged these claims, citing conflicting information. Senator Florencia López alleged that the gold may actually be located in England, contradicting Bausili's statement. Additionally, Senator Martín Soria claimed that approximately 1,000 ingots were transported in four separate flights.

The Auditoría General de la Nación (AGN) has stated that its specific audit regarding the traceability of these gold transfers and deposits is still ongoing. In response to the controversy, the Justicialist bloc, led by Senator Juliana di Tullio, has introduced a resolution to formally summon Bausili to provide detailed reports on transport dates, companies involved, exact deposit locations, and the number of ingots moved.

Entities

Auditoría General de la Nación · Banco Central de la República Argentina · Bank for International Settlements · Central Bank of the Argentine Republic · Florencia López · Santiago Bausili · Senate of Argentina

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