Riksbank reallocates gold and for ex reserves

Sweden's Riksbank said it intends to sell up to 10 tonnes of the gold reserve in the period from 27 September 2005 to 26 September 2006.

The sale is in compliance with the Central Bank Gold Agreement (CBGA) that 15 European central banks have signed and which came into force on 27 September 2004. The Agreement runs for five years and enables the Riksbank to sell up to 60 tonnes of gold in the course of this period. Last year the Riksbank sold 15 tonnes of gold under the Agreement.

The proceeds