Bundesbank to decide on gold reserves next year

Germany's Bundesbank will decide next year whether to dispose of its gold reserves, the Financial Times Deutschland reported.

According to information obtained by the newspaper, BUBA's board has not reached a decision on the matter.

The official position of the central bank is to make a decision in connection with the review of the annual report.

According to an international agreement, the bank can dispose of 600 tons of precious metals within 5 years.