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Bank of Greece: Greece's gold reserves totaled 3.76 million ounces

Bank of Greece: Greece's gold

Greece's gold reserves totaled 3.760 million ounces at the end of 2012, worth 4.74 billion euros, the country's central Bank of Greece (BoG) said on Friday.

In a report to Parliament, communicated through Finance Minister Yannis Stournaras responding to a question by parliament deputies over the country's gold reserves, the central bank said that Greece's natural gold reserves at the end of 2012 amounted to 3.760 million ounces, worth 4.74 billion euros, of which half were under the custody of the Bank of Greece and the remaining under the custody of the Federal Bank of New York, the Bank of England and Switzerland.

The central bank noted that gold reserves which had been transferred for custody to the Bank of England during the Second World War were repatriated gradually in 1946-19.

Last Updated Friday, 01 March 2013
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