Dutch central bank moves gold to London
AgenciesThe Dutch central bank announced Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as “crisis preparedn...
The Dutch central bank, DNB, transferred 86 metric tons of gold, valued at 72.2 billion euros, from North America to London in March to August 2025, citing "crisis preparedness" amid global political unrest, according to a statement from the bank's governor, Olaf Sleijpen. Before the move, New York held 31.3% of the Dutch gold and Ottawa, Canada, held 19.7%, but after the transfer, both cities now hold 18.5% of the bank's gold reserves.
The Dutch bank, known as DNB, moved the gold physically to its vault on a military base near Zeist, the Netherlands, and also sold around 59 metric tons in New York using the proceeds to buy gold in London. The gold held at the Bank of England must meet modern international trade standards and is considered the most easily tradable gold, making it the most readily available for DNB in a crisis situation.
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