{
  "title": "Press Release: IMF Announces Sale of 10 Metric Tons of Gold to the Central Bank of Sri Lanka",
  "publication": "IMF News, November 25, 2009",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09431",
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  "summary": "Sale announced: Press Release No. 09/431, November 25, 2009.",
  "publishDate": "2009-11-25",
  "sections": [
    {
      "heading": "Prior sales and distribution",
      "content": "- Previously sold: 202 metric tons to the Reserve Bank of India and the Bank of Mauritius (see Press Release No. 09/381 and Press Release No. 09/413).\n- Total approved for sale by the Executive Board: 403.3 metric tons (see Press Release No. 09/310)."
    },
    {
      "heading": "Modalities and market conduct",
      "content": "- Sales conducted in accordance with the guiding principle of avoiding disruption of the gold market.\n- Initial period modality: the Fund is standing ready to sell gold directly to central banks and other official holders interested in such sales.\n- Subsequent modality: any amounts remaining from the 403.3 tons would be sold on-market in a phased manner over time.\n- Approach for phased on-market sales: following the approach adopted by central banks participating in the Central Bank Gold Agreement.\n- Market communication: the Fund will inform markets before any on-market sales commence.\n- Reporting: the Fund will report regularly to the public on progress with the gold sales."
    },
    {
      "heading": "Key references in the announcement",
      "content": "- Press Release numbers cited: No. 09/431, No. 09/310, No. 09/381, No. 09/413.\n- Dates cited: November 23, 2009 (market prices basis), November 25, 2009 (announcement date).\n\nSource: Press Release No. 09/431, November 25, 2009, International Monetary Fund.\n\n---\n\n\n References\n\n- Sri Lanka and the IMF\n- India and the IMF\n- Mauritius and the IMF\n- Press Releases\n- PRESS CENTER\n- Press Release No. 09/310\n- Press Release No. 09/381\n- Press Release No. 09/413\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/pr09431"
    }
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    "Published: November 25, 2009",
    "Previously sold: 202 metric tons to the Reserve Bank of India and the Bank of Mauritius (see Press Release No. 09/381 and Press Release No. 09/413).",
    "Total approved for sale by the Executive Board: 403.3 metric tons (see Press Release No. 09/310).",
    "Sales conducted in accordance with the guiding principle of avoiding disruption of the gold market.",
    "Initial period modality: the Fund is standing ready to sell gold directly to central banks and other official holders interested in such sales.",
    "Subsequent modality: any amounts remaining from the 403.3 tons would be sold on-market in a phased manner over time.",
    "Approach for phased on-market sales: following the approach adopted by central banks participating in the Central Bank Gold Agreement.",
    "Market communication: the Fund will inform markets before any on-market sales commence.",
    "Reporting: the Fund will report regularly to the public on progress with the gold sales.",
    "Press Release numbers cited: No. 09/431, No. 09/310, No. 09/381, No. 09/413.",
    "Dates cited: November 23, 2009 (market prices basis), November 25, 2009 (announcement date).",
    "[Sri Lanka and the IMF](http://www.imf.org/external/country/LKA/index.htm)",
    "[India and the IMF](http://www.imf.org/external/country/IND/index.htm)",
    "[Mauritius and the IMF](http://www.imf.org/external/country/MUS/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)",
    "[Press Release No. 09/413](https://www.imf.org/external/np/sec/pr/2009/pr09413.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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