VOL. XXXIII
NO. 46
20-AUGUST-1990
Financial and Banking News
Gulf Crisis
Most of Kuwait's Gold Reserves Abroad at Time of Invasion
MEES understands that physical gold stocks in the Central Bank of Kuwaitvaults at the time of the the Iraqi invasion did not exceed 300,000 fine troyounces, worth about $123mn at mid-August prices. This compares with Kuwait'stotal gold reserves at the end of April, as reported by the InternationalMonetary Fund, of 2,539,000 fine troy ounces, worth about $1,040mn at...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!