France Moves Gold Reserves from New York to Europe

France Moves Gold Reserves from New York to Europe

Fərid Əlizadə · Media ·

France has officially withdrawn all its gold reserves held at the Federal Reserve Bank in New York. This step signals significant changes in the country's economic policy and has sparked widespread discussions in international financial circles.

The editorial office reports that President Emmanuel Macron quietly sold 129 tons of French gold held in New York and acquired the same amount of gold in Europe. This operation is being closely monitored in international financial markets and provides signals regarding the future direction of the French economy.

France's move is seen as preparation for the end of the petrodollar era. This strategic decision by the country aims to adapt to future global economic changes and reflects its intention to ensure national currency stability.