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Finance & Development, September 1976
Author:
International Monetary Fund. External Relations Dept.
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Series:
Finance & Development
Volume/Issue:
Volume 13: Issue 003
Language:
English
Publication Date:
01 Sep 1976
DOI:
https://doi.org/10.5089/9781616353261.022
ISBN:
9781616353261
ISSN:
0015-1947
Pages:
48
Keywords:
FD; F&D; Fund; market; price; Eurobond; Eurobond market; IDA credit; IDA lending; fund quota; fund transaction; Oil; Gold; Exchange rates; Loans; Currencies; Europe; Middle East; South America; Africa; Western Europe; North America; East Asia; North Africa; West Africa; East Africa
Legal-disclaimer:
Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.
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This paper highlights that the IMF, as Trustee for the Trust Fund, held the first of its series of gold auctions on June 2, 1976, with the sale of 780,000 ounces of gold—the total amount offered—at a common price of US$126.00 a fine ounce. The first gold auction was a success from the point of view of both the market and the IMF. In all, a total of 25 million ounces of gold from the IMF’s holdings will be sold at auction over a four-year period.
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Cover Finance & Development
Finance & Development
ISSN:
0015-1947
Publisher:
International Monetary Fund