IMF Sell Gold 191.3 Ton
14 February 2010
The International Monetary Fund (IMF) Wednesday (17/2/2010) local time, said, ready to sell 191.3 tons of gold in the market to reduce its dependence on income from lending.
With the market price on Wednesday of about 1120 U.S. dollars per ounce, gold is sold it will be worth nearly 6.9 billion U.S. dollars, as quoted by AFP.
The IMF “will soon start the program on the market gold sales” of a total of 403.3 tons, which was approved for sale in September, said the agency headquartered in Washington, it said in a statement.
