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Austrian central banker acknowledges general trend toward gold repatriation
Austria Plan to Repatriate Gold Not Linked to Brexit Talk: Nowotny
By Michael Shields
Thursday, May 28, 2015
VIENNA, Austria -- A decision by the Austrian central bank to repatriate some gold from London by 2020 is "absolutely not" related to the possibility that Britain will leave the European Union, Governor Ewald Nowotny told a news conference on Thursday.
He said it instead reflected a trend among central banks, including Germany's Bundesbank, to hold more reserves at home.
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