Argentina's Central Bank Increases Gold Reserves

Reuters
Tuesday, September 28, 2004

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6351310

LONDON -- Argentina's central bank bought more
gold in July and August, taking its gold reserves up
to 1.77 million troy ounces by the end of August, or
55.1 tonnes, according to data on the bank's
Internet site.

The bank confirmed in August that it had bought 42
tonnes of gold in the first half of 2004 to diversify
its reserves after the end of the peso's one-to-one
peg against the dollar in early 2002.

The bank's website showed that gold reserves were
at 1.72 million ounces (53.5 tonnes) in July and 1.37
million ounces (42.6 tonnes) in June.

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