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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