Swiss central bank to sell 283T of gold

SWITZERLAND - The Swiss National Bank (SNB) plans to sell a further 283 tons of gold by the end of September 2003 under its plan to dispose of 1 300 tons of unneeded reserves, the central bank said on Thursday.

The bank said it had already sold about 603 tons since May 2000, raking in a little over Sf9.1bn (US$6.1bn), Reuters reported. It said gold would continue to be sold in regular transactions with current customers.

The SNB is selling gold it no longer needs for monetary reserves and has

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 indvidual account here: