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Commodities Briefing - Categorized | Bullion/Gold, Market Moves

IMF sells 10 tons of gold to Sri Lanka

Posted on 26 November 2009

From AFP: The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka’s central bank for 375 million dollars, as part of a restructuring of IMF financial resources.

It was the third IMF sale of gold in a month as the Washington-based institution seeks to reduce its dependence on lending revenue and bolster its finances amid the global economic crisis………………………….Full Article: Source

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