Gold On The Move: European Banks Reposition Reserves From US, Canada Amid Global Unrest
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8 Articles
When the Netherlands Central Bank confirmed this week that it has moved tons of North American gold reserves, it said that this relocation will make it "better prepared for serious crises," writes BBC.
Before the Dutch, who recently moved gold reserves from North America, similar moves have been made by central banks in France and Germany The post Why are European countries moving their gold out of North America? appeared first on in.gr.
The Dutch Central Bank moved 86 tonnes of gold reserves from the US to London to increase preparedness for the economic crisis.
The Dutch cited geopolitical uncertainties. Gold reserves withdrawn from the United States and Canada are now resting in the vaults of the Bank of England.
Gold On The Move: European Banks Reposition Reserves From US, Canada Amid Global Unrest
New York: Amid rising global tensions, European central banks are quietly reshuffling where they keep their gold — not because they expect disaster, but to make sure they can act fast if one strikes. The Netherlands led the latest wave, confirming this week that it moved 86 tonnes of gold out of the United States and Canada and into vaults…
The Central Bank of the Netherlands (De Nederlandsche Bank) has confirmed that it has withdrawn 86 tons of gold from the United States of America and Canada and transferred them to the vaults of the Central Bank of England (Bank of England) in London.
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