The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh Bank, the central bank of Bangladesh, worth $403 million.
"This transaction is part of the total sales of 403.3 metric tons approved by the executive board in September 2009, and it adds to the total sales to official holders of 212 metric tons made to the Reserve Bank of India, the Bank of Mauritius, and the Central Bank of Sri Lanka," the IMF said.
The IMF began selling gold in 2008 to bolster its reserves in the wake of the global financial crisis.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.