Sunday, February 27, 2005

Most G-7 members favour IMF gold sales

But an outright sale from the IMF, the world’s third largest gold holder, is not the only option under consideration, according to the article.

Options could include a sale to an interested central bank or a revaluation of IMF gold reserves to current market prices, which would generate a paper profit that could be used to offset losses from debt write-off, it said.....

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