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<p>[QUOTE=&quot;Yankee, post: 739508, member: 18618&quot;]Sale of two metric tons of gold to the Bank of <a href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" rel="nofollow">Mauritius</a>, which is the central bank of Mauritius, was conducted on the basis of market prices prevailing on November 11 with proceeds equivalent to $71.7 million, the IMF said. </p><p><br /></p><p>Early this month, the Reserve Bank of <a href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" rel="nofollow">India</a> had announced buying 200 metric tons of gold from the IMF for $6.7 billion. </p><p><br /></p><p>This transaction is part of the total 403.3 metric tons sales approved by the <a href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms#" rel="nofollow">IMF<img src="http://images.intellitxt.com/ast/adTypes/2.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a> Executive Board in September and adds to the 200 metric tons already sold to the Reserve Bank of India. </p><p><br /></p><p>The money, thus generated would be used by the IMF to fund projects in Africa and other <a href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms" rel="nofollow">http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms</a>[/QUOTE]</p><p><br /></p>

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