Jana Randow, Bloomberg
Estonia signed an agreement that limits how much gold European central banks can sell until 2014, according to the European Central Bank.
The five-year agreement announced August 2009 that was signed by the ECB and 18 other countries will remain unchanged over the period of the agreement, the ECB said in a statement on its website today. That agreement started Sept. 27, 2009 and limited gold sales to 400 tons a year for five years.
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ECB Says Estonia’s Central Bank Joins Gold Agreement (1)