Greek central bank sells 20 tons of gold

The central bank of Greece has sold 20 tonnes of gold reserves. The Bank will invest the proceeds in a bonds portfolio including Greek government and other top-grade bank paper, its deputy governor Nikos Paleokrassas told Agence France-Presse.

Source: Agence France-Presse

Greece's central bank sold 20 tonnes of gold reserves for 208 million euros (226 million dollars) but denied Wednesday the move was aimed at financing a feared pre-election spending binge by the Greek government.

The Bank of Gr

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