The Central Bank will send abroad 462 million dollars in gold bullion. They are about 11,000 kilos of precious metal that are part of the reserves and it is known that London is destined. According to the central bank's strategy is to migrate part of the gold monetary reserves to the international market to carry trades and profitability on the bullion.
Under the pretext that gold will be leased in international markets and reinvested in more profitable operations such as the exchange for yen, the Chinese currency.
At the central bank, they recognize this type of operation, confessing that "This is already done with all the gold we have in London, because by placing it in that financial square we can expand its use." The ingots are not sold, rented, which according to the monetary authority will not affect the final number of total holding of this metal.
The head of the central bank got the executive to take the Argentinean bars and put the "seal of quality". The goal is to move the metal to London, although it is not ruled out sending them to Switzerland as well.
