ECB says it sold 42 tons of gold
The European Central Bank said on Monday it had completed gold sales amounting to 42 tons in line with 2004 agreement.
The European Central Bank said the sales, which were completed on Nov 30, were in full conformity with the Central Banks’ Gold Agreement of September 27 2004, of which the bank is a signatory. Under the current five-year agreement, which includes central banks from the Eurosystem, the UK, Sweden and Switzerland, banks agreed to limit combined annual sales to a total 500 tons of gold a year until 2009. The agreement expires in September 2009. The quota year runs from September 27 to September 26. (rte.ie, Bg)
ADVERTISEMENT
Gross Average Earnings at HUF 528,800 in January
Hungarian Lawmakers Ratify Finland's NATO Accession
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
