7
August
European Central Banks Announce Gold Agreement
7 August 2009 Wall Street Journal
European central banks party to the Central Bank Gold Agreement have renewed their five-year gold agreement, which will lower the annual sales limit to 400 metric tons of gold and allow for the International Monetary Fund to join as a new signatory if it wishes to.
The European Central Bank, the 16 central banks of the euro zone, Sweden's Riksbank and the Swiss National Bank all signed up to the third CBGA agreement, the ECB said Friday.
