{
  "title": "Press Release: IMF Announces Sale of 2 Metric Tons of Gold to the Bank of Mauritius",
  "publication": "IMF News, November 16, 2009",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09413",
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  "summary": "The International Monetary Fund announced the sale of 2 metric tons of gold to the Bank of Mauritius.",
  "publishDate": "2009-11-16",
  "sections": [
    {
      "heading": "Transaction details",
      "content": "- The International Monetary Fund announced the sale of 2 metric tons of gold to the Bank of Mauritius.\n- The sale was conducted on the basis of market prices prevailing on November 11, 2009.\n- Proceeds were equivalent to US$71.7 million (SDR 44.7 million)."
    },
    {
      "heading": "Context within approved gold sales",
      "content": "- This transaction is part of the total sales of 403.3 metric tons approved by the Executive Board in September 2009 (Press Release No. 09/310).\n- It adds to the 200 metric tons already sold to the Reserve Bank of India (Press Release No. 09/381)."
    },
    {
      "heading": "Sales modalities and market conduct",
      "content": "- Guiding principle: \"avoiding disruption of the gold market.\"\n- The IMF’s Executive Board adopted modalities for the gold sales consistent with guidelines it had earlier established.\n- Initial period: the Fund is standing ready to sell gold directly to central banks and other official holders that may be interested in such sales.\n- Subsequent phase: any amounts remaining from the 403.3 tons would be sold on-market in a phased manner over time, following the approach adopted by central banks participating in the Central Bank Gold Agreement."
    },
    {
      "heading": "Reporting and communication commitments",
      "content": "- The Fund will inform markets before any on-market sales commence.\n- The Fund will report regularly to the public on progress with the gold sales.\n\nPress Release No. 09/413 — November 16, 2009\n\n---\n\n\n References\n\n- Mauritius and the IMF\n- India and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 09/310\n- Press Release No. 09/381\n- http://www.imf.org/external/np/exr/faq/goldfaqs.htm\n- http://www.imf.org/external/np/exr/facts/gold.htm\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09413"
    }
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    "Published: November 16, 2009",
    "The International Monetary Fund announced the sale of 2 metric tons of gold to the Bank of Mauritius.",
    "The sale was conducted on the basis of market prices prevailing on November 11, 2009.",
    "Proceeds were equivalent to US$71.7 million (SDR 44.7 million).",
    "This transaction is part of the total sales of 403.3 metric tons approved by the Executive Board in September 2009 (Press Release No. 09/310).",
    "It adds to the 200 metric tons already sold to the Reserve Bank of India (Press Release No. 09/381).",
    "Guiding principle: \"avoiding disruption of the gold market.\"",
    "The IMF’s Executive Board adopted modalities for the gold sales consistent with guidelines it had earlier established.",
    "Initial period: the Fund is standing ready to sell gold directly to central banks and other official holders that may be interested in such sales.",
    "Subsequent phase: any amounts remaining from the 403.3 tons would be sold on-market in a phased manner over time, following the approach adopted by central banks participating in the Central Bank Gold Agreement.",
    "The Fund will inform markets before any on-market sales commence.",
    "The Fund will report regularly to the public on progress with the gold sales.",
    "[Mauritius and the IMF](http://www.imf.org/external/country/MUS/index.htm)",
    "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Press Release No. 09/310](https://www.imf.org/external/np/sec/pr/2009/pr09310.htm)",
    "[Press Release No. 09/381](https://www.imf.org/external/np/sec/pr/2009/pr09381.htm)",
    "[http://www.imf.org/external/np/exr/faq/goldfaqs.htm](https://www.imf.org/external/np/exr/faq/goldfaqs.htm)",
    "[http://www.imf.org/external/np/exr/facts/gold.htm](https://www.imf.org/external/np/exr/facts/gold.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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