## Press Release: IMF Concludes Gold Sales

_IMF News, December 21, 2010_

## Source details

**Canonical URL:** [Press Release: IMF Concludes Gold Sales](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr10509)

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## Bibliographic details
- Published: December 21, 2010

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### Summary of action
- The International Monetary Fund (IMF) announced the conclusion of the limited sales program covering 403.3 metric tons of gold.
- The sales program was approved by the Executive Board in September 2009 (see Press Release No. 09/310).
- Announcement date: December 21, 2010.

### Purpose and policy context
- The gold sales are a central element of the new income model for the IMF endorsed by the Executive Board in April 2008.
- The sales are intended to increase the Fund’s capacity to support low-income countries under a strategy endorsed by the Board in July 2009 (Press Releases No. 08/74 and No. 09/268).

### Modalities and execution
- Sales were conducted under modalities designed to safeguard against disruption of the gold market.
- All gold sales were at market prices, including direct sales to official holders.

*Source: Press Release No. 10/509 (December 21, 2010).*

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## References

- [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)
- [No. 08/74](https://www.imf.org/external/np/sec/pr/2008/pr0874.htm)
- [No. 09/268](https://www.imf.org/external/np/sec/pr/2009/pr09268.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/pr10509_