RBA to dispose of gold coin holding

The Reserve Bank of Australia said on Wednesday 21 September that it has decided that it does not need to continue to hold the large quantity of gold coins it has held for many years.

The Reserve Bank has held for many years a large quantity of gold coins, accumulated prior to 1976 when Australian law required that members of the public exchange gold coins for Australian currency. The total value of these coins is minor relative to the Bank's assets; the gold value is about $19 million.

The Bank

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