Belgium eyes central bank gold profit for pensions

Belgium's government plans to use profits from the past transfer of gold from its central bank to the European Central Bank to start a state pension fund it had hoped to fill with proceeds from the sale of mobile telephone licences, Belgian media reported on Feb 15, 2001. A spokeswoman for the National Bank of Belgium, which at the end of 1998 contributed 27.1 tonnes of gold to the ECB's foreign exchange reserves, confirmed the transfer to the government's so-called "Silver Fund" had been agreed

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: