## Press Release: IMF Announces Sale of 10 Metric Tons of Gold to the Central Bank of Sri Lanka

_IMF News, November 25, 2009_

## Source details

**Canonical URL:** [Press Release: IMF Announces Sale of 10 Metric Tons of Gold to the Central Bank of Sri Lanka](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09431)

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## Bibliographic details
- Published: November 25, 2009

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### Prior sales and distribution
- 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).

### Modalities and market conduct
- 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.

### Key references in the announcement
- 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).

*Source: Press Release No. 09/431, November 25, 2009, International Monetary Fund.*

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## References

- [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)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr09431_