The independence of the Austrian central bank will not be affected by its full nationalization, the bank's Governor Ewald Nowotny said on Wednesday.
Austrian daily Der Standard on Tuesday said the Austrian state was considering selling off the bank's reserves to raise funds.
But Nowotny said: "Any such specualtion is completely unfounded.
"The independence of the national bank has both a monetary and financial side. Reserves of the bank are not at disposal."
The Austrian government is planning to buy-out the outstanding 30% stake in the central bank.
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