Bundesbank over halfway towards gold repatriation goal

bundesbank
Deutsche Bundesbank

The Deutsche Bundesbank repatriated 210 tonnes of gold last year as part of a plan to hold 50% of its gold reserves in its own vaults in Frankfurt by 2020.

"The transfers are proceeding smoothly," said Carl-Ludwig Thiele, a member of the executive board at the Bundesbank. "We have succeeded in once again significantly increasing the transport volume compared with 2014."

In 2013 the central bank decided half of all Germany's gold reserves would be stored in its own vaults in Frankfurt am Main by

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