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June Gold News 2019


Italy’s coalition receives provisional ECB approval for gold reserve ownership change

Italy’s coalition receives provisional ECB approval for gold reserve ownership change

The European Central Bank has given tentative approval to the Italian coalition government for it to amend the official terms of ownership with regards Italy’s national gold reserves.

La Banca d’Italia is the official owner of Italy’s 2,451.8 tonnes of gold bullion. The right-wing Lega party is keen to amend the law to clearly state that the bank holds the gold specifically on behalf of the Italian state.

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