The Dutch central bank said Wednesday it had moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”.
The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa.
“This makes it the quickest for DNB to deploy in a crisis situation,” the bank said in a statement.
“With this step, we have improved the deployability of the gold reserves. We assume that we will never need to deploy the…
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