Europe leads on gold lending and swaps

Just over 20% of central banks engage in these operations

Central banks in Europe lead other regions in gold lending and swaps, according to Reserve Benchmarks 2021.

Globally, most central banks still shy away from these operations. Just over a fifth of the 44 central banks that responded to this question said they engage in gold lending and swaps. 

Gold lending involves loaning gold to receive a yield. Gold swaps are over-the-counter derivatives where gold is exchanged for foreign exchange, at a specified price with a commitment to repurchase the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account