Fund directors split on excess gold profits

imf-2

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: