Central banks sold 280 tonnes of gold this year

According to Gold Fields Mineral Services central banks sold a combined 280 tonnes of gold in the first half of 2003. 80% of the sales were from the 15 central banks in Europe which make up the Washington agreement.

Source: Reuters

Central banks worldwide sold a combined 280 tonnes of gold in the first half, the same as the first half of 2002, but still hold enough to match global demand for nearly a decade, researcher Gold Fields Mineral Services said on Tuesday.

The 15 central banks in Europe