The International Monetary Fund has completed the sale of more than 403 tonnes of gold, part of a two-year drive to shore up the multi-national lender's finances.
There were no immediate details of the final sale, but the IMF has previously announced the sale of 200 metric tonnes to India, ten tonnes to Mauritius, ten tonnes to Sri Lanka and ten tonnes to Bangladesh. The value of the sale to those countries was said to be around $7.6 billion.
IMF members agreed in 2008 that the fund could sell an eighth of its gold assets in order to diversify its financial model so that it no longer relies on lending. The fund is one of the world's largest holders of the precious metal.
