Analyst: Bank of Thailand boosts gold reserves to push non-dollar trading system fueled by central bank digital currency (CBDC)

The Bank of Thailand may increase its gold reserves to operate a dollar-free trading system, according to Jan Nieuwenhuis, a gold market analyst. Nieuwenhuijs said the Bank of Thailand’s continued purchases of gold may indicate that the nation is preparing to address potential trade imbalances resulting from the use of Mbridge, the central bank’s cross-border settlement project. […]