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Germany Promptly Gives Gold Reserves Back From Abroad

22. 3. 2016

German federal bank promptly gives gold reserves back from abroad deposits, Jens Weidmann, president of Bundesbank, told it on Sunday.

The Banker claims, they are acting so with reference of agreement the new deposit concept to get a half of all German gold reserves to Frankfurt till 2020.

 “Since agreed the new deposit concept, it has been transported 366 tons of gold in a value 11,5 billion EUR. Today we have 1400 tons, 41,5 % our gold reserves. We keep set terms,“ quoits Weidmann´s statement TV and radio company Deutsche Welle.

Weidmann noted that the gold reserve is for SRN basically additional foreign exchange reserves. According to the Bundesbank, German gold reserves are around 3400 tons and the second biggest in the world after the USA.

Some time ago, it came a message that Washington had refused to hang over immediately a part of German gold reserves and agreed only with 10 %.

Source: sputniknews.com

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