The Role of the Gold Reserve of the National Bank of Romania in Supporting the Economic Directions Outlined by the Declaration of the Romanian Workers' Party in April 1964 Cover Image
  • Price 7.20 €

Rolul rezervei de aur a Băncii Naționale a României în susținerea orientărilor economice conturate prin Declarația P.M.R. din aprilie 1964
The Role of the Gold Reserve of the National Bank of Romania in Supporting the Economic Directions Outlined by the Declaration of the Romanian Workers' Party in April 1964

Author(s): Brînduşa Costache
Subject(s): History, Economy, Political history, Recent History (1900 till today), Financial Markets, Public Finances
Published by: Institutul National pentru Studiul Totalitarismului
Keywords: gold reserve; National Bank of Romania; Declaration of the Romanian Workers' Party from April 1964;

Summary/Abstract: This study aims to highlight the role played by the gold reserve held at the National Bank of Romania in the preparation of the Declaration of the Romanian Workers' Party from April 1964, and subsequently in supporting the economic directions outlined in its text. It covers the general evolution of the gold reserve during the decade 1960-1970, as well as the changes in the attitude of Romania's communist leaders under the influence of fluctuations in relations with the Soviet Union. Romania's position within the Council for Mutual Economic Assistance is particularly relevant in this context. The study also presents the orientation of Romanian authorities towards actions aimed at increasing the gold stock and diversifying the ways of leveraging it to obtain foreign currency resources, which would allow greater freedom of movement on the world market, the realization of industrialization plans, and consolidating both domestic and international prestige.

  • Issue Year: XXXIV/2026
  • Issue No: 1-2
  • Page Range: 141-153
  • Page Count: 13
  • Language: Romanian
Toggle Accessibility Mode