Netherlands Bank moves 122.5 tonnes of gold from New York to Amsterdam

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The Netherlands Bank has repatriated 122.5 tonnes of gold from the US, it announced today (November 21), as it looks to spread its reserves more evenly across the globe.

The central bank holds 612.5 tonnes of gold, currently worth around €18.9 billion. Under the previous allocation, 51% was kept in the US, 20% in Canada, 18% in the UK and just 11% in the Netherlands.

After this most recent move, the central bank now holds an even 31% of its gold reserves in both New York and Amsterdam.

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