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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Hawkmoon who wrote (8107)10/8/1999 1:01:00 AM
From: paul ross  Read Replies (1) of 81118
 
The 15 Euro banks announcement limited the sale of gold to 400 tonnes per year. This is about the average yearly sales of gold by these banks over the last several years. They have also pledged not to extend, but to keep at existing levels, the amount of gold that they currently lease. The Euro CB's currently control only 30% of the gold available for lease by all leasing entities.

So how, looking at it from the point of view that not much has changed in the availability of gold either for lease or for sale, has the Euro announcement been aimed at hurting the U$D?
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