मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

Is there a case for IMF gold sales?

Bangkok Post

|

October 14, 2025

With developing countries facing intense financial pressure and developed countries slashing foreign aid, it can be tempting to dream of stumbling across a pot of gold. Dream no longer: The International Monetary Fund is currently sitting on 90.5 million ounces of the metal.

- TIM HIRSCHEL-BURNS MARINA ZUCKER-MARQUES

A relic of the gold standard, these holdings could be quickly turned into tangible funds. After hovering around US$2,000 (65,200 baht) per ounce for most of the last half-decade, the price of gold has now topped $4,000 per ounce. Even in real terms, this is a record high. But you wouldn't know it from looking at the IMF's balance sheet, which values its gold at just $50 per ounce, a price last seen in the 1970s.

In reality, the IMF's gold reserves are worth over $350 billion — more than Chile's GDP. Selling just 10% of these holdings would generate enough funds to offset this year's foreign-aid cuts.

Such a move is not without precedent. The IMF has sold gold several times, most recently in 2009-10. The Fund used the proceeds from that sale to create an endowment account that complements IMF revenue and subsidises the Poverty Reduction and Growth Trust, its concessional lending arm for low-income countries.

The case for selling a small share of the IMF's gold is even stronger today. The funds could help support cash-strapped developing countries, without requiring any donor contributions. And by placing them in an endowment account, the IMF could create a long-term, sustainable source of concessional financing for these countries. Perhaps most importantly, the Fund might never get a greater bang for the bullion.

Bangkok Post से और कहानियाँ

Bangkok Post

Manners matter as much as scorecard

One of the first rules we are taught when we venture onto the golf course is the rule of how we should behave, and a 'clip around the ear' by my father, when we first played together, made me understand how important this essential rule is.

time to read

1 mins

October 22, 2025

Bangkok Post

Robinhood seeks profitability in 2026

Platform unveils digital member token

time to read

3 mins

October 22, 2025

Bangkok Post

Phuket eyes arrival spike for festival

Phuket and Songkhla are seeing greater numbers of visitors and expect their revenue to exceed 4.1 billion baht during this week's vegetarian festivals, while Phuket is pushing the event as a flagship cultural celebration, say tourism operators.

time to read

2 mins

October 22, 2025

Bangkok Post

Bangkok Post

Takaichi named Japan's new PM

First woman to take job in govt's history

time to read

2 mins

October 22, 2025

Bangkok Post

Military authorised to shoot 'unidentified' drones

Britain's armed forces will get new powers to shoot down \"unidentified\" drones over military bases, Defence Minister John Healey said on Monday, after incidents across Europe have raised tensions with Russia.

time to read

1 mins

October 22, 2025

Bangkok Post

Defusing a battery waste time bomb

POLICY FOCUS

time to read

4 mins

October 22, 2025

Bangkok Post

Former tourism boss touts measures for 2026 comeback

Despite a tourism downturn this year, Thailand should not lose its grip on promoting the markets next year, as the government should quickly fix perceptions concerning the lack of safety by revamping its image to resemble a trusted destination and by partnering with airlines to maintain seats and affordable airfares, in order to increase revenue by 8% to 1.63 trillion baht as targeted.

time to read

2 mins

October 22, 2025

Bangkok Post

US confirm Mexico, Costa Rica, Jamaica as co-hosts

United States officials on Monday confirmed Mexico, Costa Rica and Jamaica have joined its bid for the 2031 Women's World Cup.

time to read

1 mins

October 22, 2025

Bangkok Post

Network security a new business priority

Preventing IT network failures could save Asia-Pacific businesses billions annually, Expereo survey finds

time to read

2 mins

October 22, 2025

Bangkok Post

Panel can amend three drafts

The parliamentary committee reviewing three charter amendment bills can propose changes during its scrutiny to avoid the final draft conflicting with the Constitutional Court's ruling, said Prime Minister's Office Minister Paradorn Prissanananthakul.

time to read

1 mins

October 22, 2025

Listen

Translate

Share

-
+

Change font size