World Gold Council launches gold accounting framework

shutterstock-117789118
The WGC hopes the framework will make gold accounting smoother for central banks

The World Gold Council (WGC) has launched a new framework it hopes will give central banks a more straightforward method of accounting for their gold reserves.

The non-binding guidelines, published today (February 13), seek to cater to the demands of accounting for gold as part of a central bank’s reserves, which has often been problematic because of the International Financial Reporting Standards (IFRS) specifying that gold should be treated as a commodity.

“A whole myriad of different

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 indvidual account here: