Swiss central bank to sell 283 tonnes of gold

SWITZERLAND - Swiss central bank Schweizerische Nationalbank (SNB) has announced that it plans to sell a further 283 tonnes of gold by end September 2002.

It has already raised almost SwFr 4.8bn from the sale of 320 tonnes of gold since May 2000. The sales form part of an agreement signed by fifteen European central banks on September 26 1999.

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