Greek Central Bank Says Gold Reserves Worth 4.7 Billion Euros
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Greece had gold reserves worth 4.74 bilion euros ($6.2 billion) at the end of 2012, the country’s central bank said in a letter to a lawmaker about the fate of the country’s gold during the Nazi occupation.
The reserves at Dec. 31 totaled 3.76 million ounces of gold, according to the letter forwarded to parliament by the Athens-based Finance Ministry and obtained by Bloomberg News. Half is held at the central bank in Greece while the remainder is held at the Federal Reserve Bank of New York, the Bank of England and in Switzerland, according to the document.