Bundesbank to Repatriate 674 Tons of Gold from France and USA to Germany by 2020
German Central Bank (Bundesbank) announced Wednesday that will repatriate to its vaults in Frankfurt gold, currently worth about 27 billion euros ($36 billion), from its deposits at Banque de France in Paris and the Federal Reserve of New York, the Financial Times.
Bundesbank said that the operation (which would be one of the largest shipments of gold in history) will assume all the 374 tons of gold stored by the Central Bank of Germany in Paris, France, and 300 of the 1,500 tons of gold stored in the Federal Reserve (FED) in New York.
In October last year, the Bundesbank was criticized
germany, gold, gold reserves