Wednesday, September 4, 2013

Pre-Second World War: Dutch Bank Kept Gold for Nazi-Germany

From newly published archives of the Bank of England, it becomes clear that the Dutch Central Bank kept gold for Nazi Germany in its vaults in 1939. The Czech National Bank had placed its gold with the Bank of England. After the occupation of Czechoslovakia by Germany, the Bank of England transferred gold with a present value of 843 million Euro to the German Central Bank. The Germans then placed part of this gold with the help of the Bank of England at the Dutch and Belgian Central Banks.

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