The Bank of France received nearly €13 billion following the repatriation of gold from the United States
The Bank of France announced the completion of a large-scale program to modernize its gold reserves, which generated approximately €12.8 billion in net proceeds. As part of this strategy, the central bank sold its remaining 129 tons of gold, which had been stored in New York, replacing them with modern, internationally standardized bars purchased on the European market.
This was reported by RFI.
This move allowed the Bank of France not only to consolidate its entire gold reserve (the fourth largest in the world) in Paris but also to radically improve its annual financial statements. While the bank ended 2024 with a loss of 7.7 billion euros, thanks to “gold” profits, 2025 closed with a surplus of 8.1 billion euros.
It is worth noting that the decision to relocate assets sparked debate in Europe, particularly in Germany, where calls to retrieve its own 1,236 tons of gold from the U.S. Federal Reserve System have intensified. Michael Jäger, President of the European Taxpayers’ Association, expressed serious concern about Washington’s policy:
“Trump is unpredictable, and he’ll do anything to generate revenue. That’s why our gold is no longer safe in the Fed’s vaults.”
At the same time, François Villeroy de Galhau, Governor of the Bank of France, denied any political motivation behind Paris’s actions. According to him, the main reason was the difficulty of processing old bullion that did not meet modern trading standards. It proved far more efficient to sell the obsolete assets in the U.S. during a price record and purchase new gold in Europe.
Currently, 134 tons of coins and bullion from previous generations remain in Parisian vaults, which are scheduled to be brought up to new standards by 2028.
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