French gold sales allows FX reserves diversification Strauss-Kahn declined to say in what currencies the BOF would invest the proceeds of its plans to sell up to 600 t of gold reserves over a five year period - a strategy which it said last year it had agreed with the French finance ministry.

She told the conference that the BOF's gold reserves amounted to 3 024 t, comprising 55% of its total gold and foreign exchange reserves or 3,7% of gross domestic product.