IMF has sold 212 tons of gold to central banks since September 2009
Feb 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following the sale of 212 tons of gold to central banks, the IMF said on Wednesday, it is moving ahead with sales on the gold market, phasing the sales so as to avoid market disruption. In September 2009, the IMF’s Executive Board approved gold sales totaling 403.3 metric tons (12,965,649 troy ounces). Having already sold over half that amount to several central banks, the IMF is now looking to sell the remaining 191.3 tons of gold.