Dutch reserve bank relocations EUR14.9 billion in money and gold to brand-new vault complex

De Nederlandsche Bank (DNB) moved a mix of gold and money worth almost 15 billion euros to protect centers in Zeist. The reserve bank of the Netherlands moved over 200 lots of gold bars and gold coins from a short-term center in Haarlem to the brand-new DNB Money Centre over the previous 4 weeks, the DNB stated on Monday. A tactical supply of banknotes worth over 4.5 billion euros was likewise moved from Haarlem to the military area, Camp New Amsterdam.

It marks completion of a procedure that began in October 2020, when the DNB moved the products from the DNB’s head office center in Amsterdam to an area in Haarlem that utilized to be utilized for printing cash. That relocation consisted of 14,166 gold bars, each weighing 12.5 kgs. Another 1,006 trays and cases of gold coins were likewise moved as the DNB started the remodelling and restore of its head office. The banknotes were likewise moved.

” The short-lived storage in Haarlem made the remodelling of the DNB workplace in Amsterdam less complicated,” the reserve bank stated. Simply a couple of months previously, its workers were established in a workplace complex in the Amstel district of Amsterdam. The head office remodelling must be finished prior to 2025, and will be more available to the general public as the reserve of prized possessions is no longer situated there.

The DNB will be keeping 31 percent of its overall gold reserve in Zeist. The comparable quantity is held by the Federal Reserve Bank in New York City. A combined overall of 38 percent of the DNB’s gold is likewise kept in London and Ottawa.

Aside from the storage of reserves, the DNB Money Centre was produced to examine and arrange euro banknotes, and to provide money and coins to transit business for usage in banks, ATMs and retail. It will likewise be the house of a brand-new National Analysis Centre for examining fake banknotes and coins. Building and construction of the DNB Money Centre started in the fall of 2019, and is now totally functional, the DNB stated.

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