BIS for ex head says gold lending is well ordered

EUROPE - Giacomo Panizzutti, head of foreign exchange at BIS, told The Alchemist quarterly this week that gold lending by the 15 European central bank signatories of a 1999 Washington accord "was 2,119.32 tonnes and, in accordance with the agreement, has of course not been exceeded by the signatories since".

Panizzutti's interview with The Alchemist, issued by the London Bullion Market Association, was the first time that a senior bank official had publicly given a figure for lending, until no

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