Thursday April 17, 2014

subscription options


Print Edition»

  • Includes free
    digital edition
  • Digital Edition»

  • Print format with
    enhanced features!
  • QUESTION OF THE WEEK

    • What do you consider to be the 2013 Story of the Year?
    • B.C. election
    • 36%
    • TRU law school
    • 4%
    • Proposed Ajax mine
    • 43%
    • Jack Shippobotham death
    • 3%
    • Starving horses seized
    • 11%
    • Red Lake cold case
    • 3%
    • Total Votes: 1070





    Home »  News »  Business

    Dutch not planning to examine gold reserves held abroad, including in Canada

    AMSTERDAM - The Dutch central bank has no plans to physically inspect its gold reserves held in other countries, despite recent moves by Germany's Bundesbank to do so.

    Finance Minister Jeroen Dijsselbloem cited yearly accounting procedures and his trust in foreign central banks where Dutch gold is stored, in a letter to parliament published today.

    Dijsselbloem said that 51 per cent of Dutch gold reserves are in New York, 20 per cent in Ottawa, 18 per cent in London and 11 per cent in Amsterdam.

    According to a 2010 publication, the Dutch central bank owns 612 tonnes of gold, worth roughly 25.7 billion ($33.6 billion) at current prices.

    The Dutch bank sold off more than half its reserves during the 1990s and a little in the 2000s, stopping in 2008.


    Comments


    NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

    The Kamloops Daily News welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

    blog comments powered by Disqus



    Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

    LOG IN



    Lost your password?