The Dutch central bank moved 86 tonnes of gold out of New York and Ottawa and called it a liquidity upgrade. Caracas, whose bullion has sat frozen in London since 2018, could have told Amsterdam what the real lesson is.

MONTEGO BAY,  Jamaica, Calvin G. Brown - September 3, 2026 - De Nederlandsche Bank said it was about tradability. Between March and August the Dutch central bank shifted 86 tonnes of gold out of New York and Ottawa into the Bank of England, cutting New York’s share of the Dutch stock from 31.3 per cent to 18.5 and lifting London’s from 18.1 to 32.1. Total holdings did not change: 612.4 tonnes, worth €72.2 billion at the end of 2025. Governor Olaf Sleijpen said the move had improved the reserves’ tradability, and that the bank assumes it will never need to deploy them.