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Germany's Bundesbank releases gold reserve details

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Baku, October 9, AZERTAC

The central bank of Germany, the Bundesbank, has published the bar list of all German official gold reserves stored in Frankfurt am Main, London, Paris and New York, according to Billion Street.

The list contains the bar numbers, melt or inventory numbers, the gross and fine weight as well as the fineness of the gold.

According to the data, the Bundesbank currently holds around 3,384 tons of gold. At the end of 2014, these gold holdings were worth approximately €107 billion. This makes Germany the second largest holder of gold in the world after the United States. These holdings account for two-thirds of Germany's foreign reserves.

The Bundesbank holds and manages the country's gold, which it keeps in storage with four custodians worldwide, as part of these reserve assets.

As at 31 December 2014, 35% of Germany's gold holdings were in storage in Frankfurt am Main, 43% in New York, 13% in London and the remaining 9% in Paris, the report said.

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