It will be interesting to conjecture on how history will judge the purchase of 200 MT of gold by the Reserve Bank from the IMF in 2010, and its more recent policies to restrain imports of gold? 2  BIS central bankers’ speeches  Looking ahead 13.
When former Chinese Premiere Zhou En Lai was asked what he thought of the French Revolution, he said it was too early to take a view. Defying Chinese wisdom of experience is not for the faint hearted. Nevertheless, I am tempted to look ahead to how history might judge the Reserve Bank on some of the current debates.