How France Replaced Its Gold Bars Stored in the United States with New Stocks in Paris

Author: Francis NoudePublished on: April 6, 2026Country: France

Business & Economy

How France Replaced Its Gold Bars Stored in the United States with New Stocks in Paris

On March 24, 2026, the Bank of France announced the replacement of 129 tons of gold stored at the Federal Reserve in the U.S. with LBMA-compliant bars purchased in Europe and repatriated to Paris. This operation, conducted between July 2025 and January 2026, generated an accounting gain of 12.8 billion euros. Governor François Villeroy de Galhau stated that the move was driven by technical and liquidity considerations. France maintains approximately 2,437 tons of gold, ranking fourth globally.

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