Why France Sold 129 Tonnes of Gold in New York, to Buy It Back in Europe? Inside BdF's Profitable Repatriation

Source: International Business Times

Reuters / PEDRO NUNES France's gold repatriation from New York has been completed in a transaction that has highlighted innovative approaches to central bank reserve management. In a series of transactions between July 2025 and January 2026, the institution sold 129 tonnes of older bullion stored at the Federal Reserve Bank of New York. It then bought back an identical volume of higher-standard bars in Europe, ensuring all 2,437 tonnes of France's gold reserves are now held in Paris.