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Bank of France Completes Repatriation of 129 Tons of Gold from U.S.

Bank of France Completes Repatriation of 129 Tons of Gold from U.S.

Published:
2026-03-26 23:59:01
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BTCCSquare news:

The Bank of France has finalized the repatriation of 129 metric tons of gold from the Federal Reserve vaults in New York, marking a strategic shift to modernize its reserves. The operation, conducted between July 2025 and January 2026, involved selling older bullion in the U.S. and purchasing higher-purity (99.5%) bars in Europe through over two dozen transactions.

France's gold reserves remain unchanged at 2,437 tons, with the repatriated amount representing roughly 5% of the total. The move eliminates storage costs abroad while aligning with international purity standards. No direct market disruption occurred, as the central bank executed a near-simultaneous arbitrage between markets.

|Square

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