Swiss SNB gold sales total 5.4 tons in 10 days

The Swiss National Bank said on Feb 20 its gold reserves fell by CHF77.6 million to CHF34.33 billion in the 10-day reporting period to Feb. 20, 2001. Based on the SNB's quarterly valuation of gold at CHF14,335 a kilo, the central bank has sold around 5.4 metric tons in the latest ten-day period. That brings total gold sales to around 191.4 tons since the SNB began its gold sales on May 1, 2000.

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