Fund directors split on excess gold profits


Directors at the International Monetary Fund (IMF) remain undecided over how to use windfall profits received from the sale of some of its gold reserves last year.

On September 9, the IMF's executive board met to discuss options on how to use the remaining special drawing rights (SDR)1.25 billion ($2.76 billion) in gold profits following a higher than anticipated gold sale price.

The executive board discussed three options to use the windfall profits: to use resources linked to gold sales

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