Austrian cbank says it sold 30 tonnes of gold

AUSTRIA - The Austrian National Bank said on Apr 5, 2001 that it had recently sold 30 tonnes of gold, ending speculation about who was behind sales that came to light in European Central Bank figures on Apr 4.

Rudolf Trink, head of the National Bank's Treasury Department, said that the sales brought to 60 tonnes the amount recently sold by the bank.

He declined to specify the timing of the sales. "The gold sale did not take place yesterday and you have to bear in mind the possibility of futures

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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