De Nederlandsche Bank Transfers Gold Reserves from New York and Ottawa to London
On September 2, De Nederlandsche Bank (DNB) announced the transfer of approximately 86 tonnes of gold reserves from storage locations in New York and Ottawa to London. This move increased London's share of Dutch gold holdings from 18.1% to 32.1%, surpassing domestic storage levels at 30.8%. As a result, London now holds the largest single portion of DNB’s gold reserves. The Bank of England is reported as the most commonly used vault by central banks for storing gold, with 57% of respondents citing its use in surveys conducted on this topic. Additionally, nearly half (49%) of surveyed institutions hold at least some of their gold domestically.
Topics: Bank of England De Nederlandsche Bank (DNB) gold reserves