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Where would gold be without last week's €410 million in ECB sales?
ECB Gold Reserve
Forex +€200 Million
In Week to Dec. 15
By Saadia Hashmy
Dow Jones Newswires
Tuesday, December 19, 2006
LONDON -- The Eurosystem's reserves of gold and gold receivables fell €410 million to €174.056 billion in the week ended Dec. 15, the European Central Bank said Tuesday.
The Eurosystem's reserves of net foreign-currency increased €200 million to €152.8 billion during the period.
The ECB said cash in circulation rose €3.7 billion to €613.9 billion.
Meanwhile, liabilities to the general government fell €20.7 billion to €44.3 billion.
The Eurosystem consists of the Frankfurt-based ECB and the 12 euro-zone national central banks.
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2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007
Admission is free for those who register in advance. The conference has arranged discount rates at the Pan Pacific Hotel adjacent to the convention center.
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