GoKawiilDutch central bank shifts 86 tonnes of gold from US, Canada to Bank of England
The Nederlandsche Bank (DNB) confirmed it moved gold worth more than 10 billion euros away from vaults in New York and Ottawa between March and August, sending most of it to the Bank of England in London while some was also routed through its Zeist facility. The move reduced New York's share of Dutch reserves from 31.3 percent to about 18.5 percent, with a similar cut in Ottawa's holdings.
GoKawiil's interpretation of the reporting above, not reported fact.
DNB says the shift is about crisis readiness, positioning gold in London because it considers that market the fastest to liquidate if geopolitical instability worsens. The decision signals growing unease among European central banks about relying on North American storage locations for strategic reserves, reflecting wider concerns about trans-Atlantic reliability.
- DNB relocated 86,000 kg of gold from the US and Canada to London between March and August
- New York's share of Dutch gold reserves fell from 31.3% to roughly 18.5%
- DNB cites geopolitical instability and the need for faster crisis liquidity as its reasoning
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Published there as: “Dutch central bank moves share of gold from U.S., Canada to London”
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