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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Hawkmoon who wrote (5866)5/7/1999 9:05:00 AM
From: George Castilarin   of 81623
 
Sweden cbank says no plans to change gold level
STOCKHOLM, May 7 (Reuters) - Sweden's central bank, the Riksbank, said on Friday it had no plans to change the level of its gold reserves, after news that Britain planned to sell 125 tonnes of its gold holdings in fiscal 1999/2000.

''Our basic opinion is the same as before...there will be no change in gold policy, we don't plan any changes in our gold holdings,'' Riksbank financial controller Mats Balke told Reuters.

Balke said that the Riksbank had around 185 tonnes of gold, which amounted to about ten percent of the total value of its reserves. He said this level had not changed for the past decade.

The last weekly asset report from the Riksbank, dated April 23, showed that the central bank had around 13.8 billion crowns of its reserves in gold out of total reserves worth 133.8 billion crowns.

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