German central bank to remove all of its gold from France this year

The Bundesbank has been moving its physical gold reserves from around the world back to Frankfurt

This is not new news, the program was announced 4 years back and its been in progress since.

The WSJ reports that Bundesbank board member Carl-Ludwig Thiele has said the bank will achieve its transfer goal from Paris this year, leaving no German gold reserves stored in France.

Wall Street Journal (may be gated)

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