Riksbank reallocates its gold & currency reserves

The Sveriges Riksbank announced on Tuesday it has up to the present date sold a total of fifteen (15) tonnes of gold under the renewed Central Bank Gold Agreement (CBGA), established between fifteen European central banks.

The renewed agreement came into force on 27 September 2004 and runs for five years. It allows the Riksbank to sell up to 60 tonnes of gold during this five-year period.

The proceeds from the sale have been reinvested in the Bank's foreign currency reserves, i.e. in foreign cu

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