FRANK­FURT:

The Pak Banker - - FRONT PAGE -

The Ger­man cen­tral bank, or Bun­des­bank, said Wed­nes­day that it brought home last year more of its gold re­serves from over­seas stor­age. "The Bun­des­bank suc­cess­fully con­tin­ued its trans­fers of gold last year," the cen­tral bank said in a state­ment. "In 2015, 210 tonnes of gold were trans­ferred to Frank­furt from stor­age lo­ca­tions abroad: around 110 tonnes from Paris and just un­der 100 tonnes from New York." Ger­many's gold re­serves are the se­cond-big­gest in the world af­ter those of the United States and to­taled 3,381 tonnes this month, ac­cord­ing to the lat­est data com­piled by the World Gold Coun­cil. For decades the Bun­des­bank's gold hold­ings have been kept in the trea­suries of other cen­tral banks in Paris, Lon­don and New York.

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