×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
03
Apr 2026
weather symbol
Athens 16°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Germany brings home gold reserves ahead of schedule

Just over half of all Bundesbank gold is now stored in its own vaults in Frankfurt

Newsroom August 23 08:05

 

Germany’s central bank has brought much of its gold reserve back to Frankfurt, the Bundesbank said on Wednesday, restoring a bulwark of economic stability the country had stashed away at the height of the Cold War.

Guarded well out of Moscow’s reach in safe havens like New York, London and Paris, the 3,378-tonne, 140 billion-euro gold stockpile had been a symbol of Germany’s ascent, insulating the economy even when others struggled.

But as the rest of the euro zone stumbled from crisis to crisis over the past decade, the German public grew uneasy about keeping the gold abroad. Some even questioned whether the gold is still there.

In secretive operation spanning five years, the Bundesbank moved 674 tonnes of gold back from the Banque de France in Paris and the Federal Reserve Bank of New York. Just over half of all Bundesbank gold is now stored in its own vaults in Frankfurt.

Most of the rest – 1,236 tonnes – will remain in New York indefinitely. A smaller portion, 432 tonnes, will be held at the Bank of England in London.

>Related articles

Explosion of violence in Germany “also” linked to illegal immigrants, Merz says

Britain, France, Germany, Italy, France, Germany, Italy, the Netherlands & Japan declare their readiness to contribute to safe passage through the Straits of Hormuz

Oil: Drops below $90 after rally toward $120

Hoping to soothe the public and ease speculation about the existence of the gold, the Bundesbank released a 2,300-page list of gold bars in 2015, promising increased transparency to calm wary Germans.

During the Cold War, 98 percent of the gold was stored abroad. The biggest chunk moved so far, some 931 tonnes, was brought back from the Bank of England in 2000.

Source

Ask me anything

Explore related questions

#Bank of England#Banque de France#Bundesbank#Federal Reserve Bank of New York#Frankfurt#germany#Gold#reserve
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Strong weather phenomena today in Western Greece, the Peloponnese, the Cyclades, Crete and the eastern Aegean – Meteo map

April 3, 2026

A 12-year-old from Switzerland diagnosed with diabetes in Lipsi – his mother sends letter of gratitude to the mayor

April 3, 2026

Cabinet reshuffle 2026: Schinas and Lazaridis at the Ministry of Agricultural Development, Tournas at Civil Protection

April 3, 2026

Reshuffle at 12:30: Kefalogiannis, Tsiaras, Vartzopoulos and Kellas out – Schinas, Lazaridis and Tournas enter the government

April 3, 2026

Two case files on OPEKEPE submitted to Parliament – what they reveal about interventions and conversations between MPs and ministers

April 3, 2026

CNN revelation: Iran’s arsenal remains strong enough to cause chaos in the region

April 3, 2026

Tempi: How the trial over the “missing” videos collapsed, intense scenes caused by Konstantopoulou at the Larissa courts

April 3, 2026

The conversations in the OPEKEPE case file “unlock” which ministers may be heading for the exit – Mitsotakis’ decisions and possible dismissals over felonies

April 3, 2026
All News

> Lifestyle

Which celebrities are attending Marinella’s public viewing – watch videos and photos

The public viewing will last until 13:00, while the funeral service will take place at 14:00

March 31, 2026

Chuck Norris: How the shy little Native American boy conquered Hollywood and why he was called the “poor man’s Sylvester Stallone”

March 20, 2026

The happiest countries in the world for 2026: Steady leader, Greece’s ranking and a surprise in the Top 5 – See the Top 10

March 20, 2026

Nikki Glaser to host the Golden Globe Awards for a third year

March 12, 2026

Conan O’Brien’s “amazing baklava” joke about Greece and his comment on the Middle East

March 12, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα