Gold sale plan would not hit market says IMF

Part of the International Monetary Fund's gold reserves could be sold to pay for its share of debt relief to poor countries without destabilising the market, according to Rodrigo Rato.

The IMF's store of 3,217 tonnes of gold has a market value of $45bn (€34.7bn, £23.9bn) but is on the fund's books at just $9bn.

IMF managing director Rodrigo Rato told the Financial Times in an interview that if member countries wanted to use the IMF's undervalued gold reserves for debt relief they should do so

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