Dutch central bank sold gold last week

NETHERLANDS - Data from the Dutch central bank on 21 August showed it sold gold for 39 million euros ($35.65 million) last week as part of its programme to sell 200 tonnes through 2004.

The European Central Bank said earlier on 21 August its gold reserves had fallen by 40 million euros in the week to August 17 due to the sale of four tonnes of gold by one unnamed central bank and the issue of gold coins by the German central bank.

The weekly balance sheet of the Dutch central bank showed a decline

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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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