European central banks agree third gold deal
The International Monetary Fund (IMF) became a de-facto signatory of the European central banks' gold agreement on Friday.
Nineteen European central banks signed up to the third gold agreement - all sixteen members of the eurozone plus the European Central Bank, the Riksbank and the Swiss National Bank.
The agreement says that the central banks can sell up to 400 tonnes per year - 100 less than under the existing agreement - for the next five years. It added that "the signatories recognise the
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