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ECB-Gold reserves inch up by 1 mln euros in week
July 20, 2010 / 1:20 PM / 7 years ago

ECB-Gold reserves inch up by 1 mln euros in week

FRANKFURT, July 20 (Reuters) - Gold and gold receivables held by euro zone central banks rose by 1 million euros to 352.093 billion euros in the week ending July 16, the European Central Bank said on Tuesday.

Net foreign exchange reserves in the Eurosystem of central banks rose by 100 million euros to 191.3 billion euros, the ECB said in its regular weekly consolidated financial statement.

Gold holdings rose because of a purchase by one euro zone central bank, consistent with the latest Central Bank Gold Agreement.

The bank’s balance sheet, which now includes the government bonds it is currently buying as part of its bid to calm the euro zone debt crisis, totalled 1.987 trillion euros the statement showed, down almost 18 billion from a week ago.

For details of the report, please see the website: www.ecb.int/press

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