Bank of France reduces gold holding

Bank of France Governor Christian Noyer said in an interview that he has "no special plan to modify the composition" of the central bank's foreign-exchange reserves this year as the bank offloads gold to buy currencies.

"We're just adapting to the evolution I signalled between gold and currencies," Noyer, 54, said in an interview in Paris on Friday. The institution's foreign-currency reserves "are historically mainly in US dollars" with a "little historical diversification in other currencies.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: