The Dutch central bank withdraws 86 tons of gold from the US and Canada to prepare "in case of crisis"

1 minute

fotonoticia 20260903105107 1920
Add DEMÓCRATA to Google

Published

1 minute
The central bank of the Netherlands, De Nederlandsche Bank (DNB), has moved 86 tons of gold from its reserves to London coming from New York and Ottawa with the aim of diversifying risks and facilitating its availability "in case of crisis" due to "geopolitical instability." "In the face of growing geopolitical instability, the National Bank of the Netherlands is strengthening its crisis preparedness. Improving the liquidity and negotiability of Dutch gold reserves is part of these preparations. Furthermore, a more balanced distribution of these reserves between North America, the United Kingdom, and the Netherlands helps to diversify risks and facilitates their availability in case of crisis," reads a statement from the entity. In this way, between the months of March and August, the DNB transferred 86 of the 313 tons of gold stored in the United States and Canada to the Bank of England, arguing that the reserves deposited in the British entity stand as "the most easily tradable gold in the world," making it more accessible than in its locations in North America. With these changes, the gold reserves of the Dutch central bank in London have increased from 18.1% to 32.1% of the total of 612.4 tons, with a value of 72.2 billion euros by the end of 2025, while the amount in New York and Ottawa will remain at 18.5% and the rest will continue in Zeist, a Dutch city. "With this relocation, we have improved the tradability of our gold reserves. We hope never to have to use them, but we do need to strengthen our response and preparedness capacity," stated the governor of the entity, Olaf Sleijpen. The relocation first involved the sale of 59 tons of gold in New York for subsequent purchase in London and, in addition, more than 27 tons of gold were physically transferred from the United States and Canada to Zeist to then be transported to London. "Maintaining a greater proportion of gold reserves in London reinforces the role of gold as an anchor of trust. Gold is considered the ultimate reserve asset, as it is ideal for covering extreme systemic risks," explains the DNB note.