Statement by the European
Central Bank
Frankfurt am Main, Germany
Monday, May 19, 2014
http://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html
The European Central
Bank, the Nationale Bank van Belgie/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti
Pank, the Central Bank of Ireland, the Bank of
Greece, the Banco de Espana,
the Banque de France, the Banca
d'Italia, the Central Bank of Cyprus, Latvijas Banka, the Banque centrale du Luxembourg, the Central Bank of Malta, De Nederlandsche Bank, the Oesterreichische
Nationalbank, the Banco
de Portugal, Banka Slovenije, Narodna
banka Slovenska, Suomen Pankki–Finlands Bank, Sveriges Riksbank, and the Swiss National Bank today announce the
fourth Central Bank Gold Agreement (CBGA).
In the interest of
clarifying their intentions with respect to their gold holdings, the
signatories of the fourth CBGA issue the following statement:
-- Gold remains an
important element of global monetary reserves.
-- The signatories will
continue to coordinate their gold transactions so as to avoid market
disturbances.
-- The signatories note
that, currently, they do not have any plans to sell significant amounts of
gold.
-- This agreement, which
applies as of 27 September 2014, following the expiry of the current
agreement, will be reviewed after five years.
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