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IMF puts $1.92 billion from gold sales to fund low-income countries

Ana Komnenic | October 10, 2013 | 7:45 pm Precious Metals Europe Gold 

The International Monetary Fund has secured about $1.92 billion per year needed to fund low-income countries through a zero-interest rate lending program. In 2009, the fund sold 403 metric tonnes of gold, resulting in $3.8 billion in windfall profits. In...

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