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(Kitco News) – Poland repatriated 100 tons of gold from the Financial institution of England’s storage in London, the National Bank of Poland said earlier this month.
G4S’s Worldwide Logistics arm was tapped with arranging the transport. The firm stated the actions of gold have been meticulously coordinated. The transport required the cooperation of the police, the Financial institution of England, the Narodowy Financial institution Polski and G4Si.
The operation passed off at night time and over the previous few months and totalled eight journeys. The gold was transported in a Boeing 737 freighter airplane. The gold bars have been escorted by police and helicopters. When the gold arrived in Poland, it was transported beneath full police escort to the nation’s central financial institution vaults.
The gold bars that have been transported have been London Good Supply bars, every weighing 12.5kg and stamped with serial numbers for monitoring.
“That is one of many largest personal actions of gold between banks on the planet,” stated a G4Si worker who accompanied the gold. “It concerned an enormous quantity of planning in a brief time period. We liaised with police forces, representatives from each central banks, organized insurance coverage – it’s $US5bn price of gold, in spite of everything.”
Repatriating Poland’s “symbolizes the energy of the nation” stated Poland’s central financial institution, Governor Adam Glapinski.
Poland’s valuable metals will now be saved within the central financial institution’s treasury, NBP famous.
Extra gold will probably be introduced again to Poland if the “reserve state of affairs is favorable,” with at least half of Poland’s gold reserves to be saved at residence, Glapinski added.
Images courtesy of G4S’s Worldwide Logistics division (G4Si)
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