Ghana news briefing
Netherlands moves billions in gold to London in ‘crisis preparedness’ move
By GhanaSummary Newsroom1 min read
DNB said that gold that is held with the Bank of England "is regarded as the world's most easily tradable gold," and therefore more readily available in a crisis than if it was still in the US or Canada.
The rest of the transfer was carried out by selling the gold in New York and repurchasing it in London, the bank said.
DNB said the transfer, which took place between March and August, saw 27 tonnes of gold bars moved from New York and Ottawa to Zeist in the Netherlands.
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