Outspoken speech of BIS official William R White (2005): The fifth objective of Central Bank cooperation is to influence the price of gold

William R White, Head of Monetary and Economic Department at the BIS, held an opening speech at the fourth BIS Annual Conference, on 27 – 29 June 2005 – while celebrating the 75 years existing of the BIS (1930 – 2005).

 

Mr White mentioned the five intermediate objectives of Central Bank cooperation. The fifth objective was the joint effort of Central Banks to influence the price of gold and foreign exchange.

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Click here for the full speech

 

 

 

 

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