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To: pater tenebrarum who wrote (80187)	12/17/1999 12:25:00 PM
From: clochard	Read Replies (2) of 86076

The IMF doing its job... Friday December 17, 12:02 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) IMF sold, bought back gold to fund debt relief WASHINGTON, Dec 17 (Reuters) - The International Monetary Fund, revaluing some assets to fund an international program of debt relief, sold gold to Brazil on Tuesday and bought it straight back in an off-market deal, an IMF statement said. The statement said Brazil had used the gold to repay debts to the fund. ''We sold slightly more than 7 million ounces of gold to Brazil and accepted it back immediately from Brazil for payment of an obligation due the same day,'' Treasurer Eduard Brau said. ''Thus the gold did not enter the market.'' biz.yahoo.com

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