The International Monetary Fund said it is selling 14.2 million ounces of gold, currently worth about $13 billion, as part of an effort to increase its efficiency. The gold is about 12.5 percent of the international lender’s reserves. The IMF will invest its assets for greater returns and diversify the sources of its income, now earned largely through lending. (MarketWatch)
The Bottom Line
April 8, 2008
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