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| Definition: |
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Gold swaps are forms of repurchase agreements commonly undertaken between central banks or between a central bank and other types of financial institutions. They occur when gold is exchanged for foreign exchange, at a specified price with a commitment to repurchase the gold at a fixed price on a specified future date so that the original party remains exposed to the gold market. Its features are, therefore, very similar to those of a repo.
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| Source
Publication: |
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Monetary and Financial Statistics Manual, IMF, Washington, 2000, para. 154.
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| Statistical
Theme: Financial statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Monday, November 12, 2001 |
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