France’s central bank has strategically moved five per cent of its gold from New York to Paris. The Banque de France, however, didn’t just shift the reserves; it sold the bars held at the US Federal Reserve and used those funds to buy new bullion, earning €12.8 billion

https://www.firstpost.com/explainers/france-129-tonnes-of-gold-reserves-new-york-fed-reserve-billions-move-13997488.html

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