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Message: Sri Lanka buys 10 Tonnes from IMF

Sri Lanka buys 10 Tonnes from IMF

posted on Nov 25, 2009 04:48PM

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

http://uk.news.yahoo.com/18/20091125/tbs-imf-sells-10-tonnes-of-gold-to-sri-l-5268574.html

The sale brought the total IMF gold sold to central banks to 212 tonnes. India bought 200 tonnes between October 19 and 30 for 6.7 billion dollars and Mauritius bought two tonnes on November 11 for 71.7 million dollars.

More upward pressure on the POG.

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