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Update

As we reported in a previous paper on the gold lending market published on the 14th of December 2006, the International Monetary Fund (IMF) has been reviewing all aspects of their Balance of Payments Manual so that proper updates to the Manual can be implemented in the near future. Blanchard then began researching the potential changes to gold reserves accounting, specifically how the accounting treatments of gold loans and swaps by central banks would be changed in the near future. We are very pleased to announce that the IMF has not only taken under consideration a number of changes to the lending of gold reserves by central banks, but will also begin implementing those changes in the coming year.

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