Comment: How to account for gold?

Opinions on whether gold is a good investment for central banks vary, but what is beyond dispute is that the different methods of accounting for gold in their balance sheets and income statements is a source of endless confusion.

COMMENT BY CENTRALBANKNET

The introduction of international accounting standards is making the accountants' headaches even worse.

Financial reporting practice among central banks differs. The ECB and eurozone central banks value it at market (in euros of course). In

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