IMF is changing rules to prevent double-counting of leased gold

3p ET Wednesday, March 21, 2007

Dear Friend of GATA and Gold:

Resource Investor's Jon A. Nones today confirmed that the International Monetary Fund is heeding GATA's longstanding complaint and the immense work of Blanchard & Co.'s vice president for research, Neal Ryan, and is rewriting its rules to prevent the double counting of gold leased by central banks.

You can find Resource Investor's report, "IMF Posts First Draft of Changes to Gold Loan Accounting," here:

http://www.resourceinvestor.com/pebble.asp?relid=30006

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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