Central banks unlikely to sell gold-BoF forex head

- Central Banking staff
- 09 Apr 2001

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FRANCE - The world's central banks, which hold about 35,000 tonnes of gold, were unlikely to be big sellers, Herve Ferhani, the Bank of France's head of gold and foreign exchange, said on Apr 9, 2001.

"One thing gold market participants and the official sector share is to ensure the gold market remains efficient enough to fulfil its role," Ferhani told a gold conference in Australia.

"All of them, not just central bankers, have an interest in treating gold as a matter of common interest," he said

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