{
  "title": "Press Release: IMF Statement on the Renewal of the Central Bank Gold Sales Agreement",
  "publication": "IMF News, August 7, 2009",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09280",
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  "summary": "Mr. Murilo Portugal, Acting Managing Director of the International Monetary Fund (IMF), issued the statement on August 7, 2009.",
  "publishDate": "2009-08-07",
  "sections": [
    {
      "heading": "Summary of the statement",
      "content": "- Mr. Murilo Portugal, Acting Managing Director of the International Monetary Fund (IMF), issued the statement on August 7, 2009.\n- The IMF welcomed the joint statement by the European Central Bank and other central banks renewing their agreement on gold sales."
    },
    {
      "heading": "Terms of the renewed central bank agreement (as reported)",
      "content": "- Sales are not to exceed 400 metric tons annually.\n- Sales are not to exceed 2000 tons over the five year period of the agreement."
    },
    {
      "heading": "IMF-specific gold sale information",
      "content": "- The announcement notes that sales of 403 tons of gold by the IMF can be accommodated within the above ceiling.\n- The IMF plans a strictly limited gold sale of 403 tons (one-eighth of total Fund holdings).\n- It has been agreed by the membership that the Fund’s sales should not add to the announced volume of sales from official sources."
    },
    {
      "heading": "Governance and next steps",
      "content": "- The Executive Board has yet to take a formal decision approving the IMF gold sale but is expected to consider this issue in the coming months.\n\nInternational Monetary Fund\n\n---\n\n\n References\n\n- Portugal and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09280"
    }
  ],
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    "Published: August 7, 2009",
    "Mr. Murilo Portugal, Acting Managing Director of the International Monetary Fund (IMF), issued the statement on August 7, 2009.",
    "The IMF welcomed the joint statement by the European Central Bank and other central banks renewing their agreement on gold sales.",
    "Sales are not to exceed 400 metric tons annually.",
    "Sales are not to exceed 2000 tons over the five year period of the agreement.",
    "The announcement notes that sales of 403 tons of gold by the IMF can be accommodated within the above ceiling.",
    "The IMF plans a strictly limited gold sale of 403 tons (one-eighth of total Fund holdings).",
    "It has been agreed by the membership that the Fund’s sales should not add to the announced volume of sales from official sources.",
    "The Executive Board has yet to take a formal decision approving the IMF gold sale but is expected to consider this issue in the coming months.",
    "[Portugal and the IMF](http://www.imf.org/external/country/PRT/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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