Bundesbank may opt to sell gold reserves - report

- Central Banking staff
- 04 Mar 2003

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The German Bundesbank may become a party to the upcoming agreement among gold-holding central banks of Europe to sell part of their gold reserves, according to a report from India. The report also quoted Mr Welteke as saying that the new agreement may allow for increased gold sales,/em>
Source: Business Line - India
The agreement is expected to be signed next year.
The current agreement expires in 2004 and the process of negotiations for the new agreement is already on, according to Mr Ernst

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