Dutch central bank denies gold reserve expansion

Reports earlier today suggested the Dutch central bank had increased its gold reserves by 9.6 tonnes during December, based on figures from the IMF.  however the bank has issued a firm denial that this is the case in a press release published in full below:

DNB has not increased its gold holdings

Press release. 27 January 2015

De Nederlandsche Bank (DNB) has not increased its gold holdings. Several media reported this Tuesday that based on IMF figures, DNB’s gold stock increased in December 2014. This is incorrect.

DNB’s correct and current gold holdings can be verified at http://www.statistics.dnb.nl/usr/statistics/excel/t12.25ek.xls. The table shows that in December 2014, DNB’s gold stock consisted of 19.691 million fine troy ounces and remained unchanged compared to all preceding months.

This is the same information that DNB reports to the IMF on a monthly basis.

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