la banque centrale allemande- BUBA- renonce à vendre d'avantage d'or 1/2/16 BERLIN (AFX) - The German government has abandoned plans that
would allow the Bundesbank to invest proceeds from gold sales in a
special fund, sources said.
Under the government's proposal, the Bundesbank could have reinvested proceeds from gold sales in a special fund rather than transferring them directly to the federal budget.
Any interest from that fund would have gone to Berlin, which would have earmarked the money for research and education.
The Bundesbank has long opposed requests from the government to divest some of its gold reserves, partly out of fear that a sale could be seen as a sign that it is vulnerable to political pressure.
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