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Argentina refuses to disclose location of central bank's gold
From the Buenos Aires Times
Thursday, January 9, 2025
Lawyers representing Argentina in a New York court have refused to reveal the location of the central bank's gold reserves, at least some of which is believed to be overseas.
In an ongoing lawsuit related to the 2012 expropriation of state energy firm YPF, the lawyers told Judge Loretta Preska that the government could not reveal the location of the reserves to their opponents in the case.
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Preska has ordered compensation for the nationalisation of the state oil company and the plaintiffs are seeking repayment.
"The Republic has repeatedly informed the plaintiffs that only the central bank, a legally separate entity, holds the gold reserves. Citing a single news article from almost six months ago, the plaintiffs claim, "It has been widely reported that Argentina's gold reserves have been transferred to London,'" reads a statement sent by Argentina to Judge Preska's office. ...
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