The Dutch central bank said Wednesday it had moved 86 tonnes of its gold reserves out of the US and Canada to London, citing “increasing geopolitical unrest”.
The DNB bank said gold reserves held in London could be traded more easily than those held in New York and Ottawa.
“This makes it the quickest for DNB to deploy in a crisis situation,” the bank said in a statement.
“With this step, we have improved the deployability of the gold reserves. We assume that we will never need to deploy the gold, but it is nevertheless necessary to strengthen our resilience and preparedness,” DNB President Olaf Sleijpen said.
The total Dutch gold stock amounted to 612.4 tonnes and was valued at €72.2 billion (US$83.7 billion) at the end of 2025, the DNB said.
Before the deployment, the Dutch bank held 31.3 per cent of its gold in New York and 19.7 per cent in Ottawa. After the move, each country accounted for 18.5 per cent of the Dutch gold reserve.