{"id":52665,"date":"2013-04-17T13:36:00","date_gmt":"2013-04-17T13:36:00","guid":{"rendered":"https:\/\/armbanks.am\/2013\/04\/17\/238225\/"},"modified":"2024-12-15T13:04:05","modified_gmt":"2024-12-15T13:04:05","slug":"cypriot-finance-minister-sees-gold-sale-within-months-reuters","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/04\/17\/52665\/","title":{"rendered":"Cypriot finance minister sees gold sale within months: Reuters"},"content":{"rendered":"<p><strong>YEREVAN, April 17. \/ARKA\/.<\/strong> Cyprus&#8217;s finance minister said on Wednesday he anticipated the island nation to sell part of its gold reserves &#8220;during the next months&#8221;, but the final decision rested with the central bank, Reuters reported today.<\/p>\n<p>Cyprus has to sell some of its gold reserves to raise about 400 million euros to finance its part of a 10 billion euro EU\/IMF bailout, according to an assessment of Cypriot financing needs prepared by the European Commission.<\/p>\n<p>The island nation confirmed last week that a sale of its gold reserves was among the options for its contribution towards the rescue package, but ultimate responsibility rested with the central bank.<\/p>\n<p>&#8220;In the case of the gold, it&#8217;s the board of the central bank. It&#8217;s perfectly understandable.. They have the final say,&#8221; Finance Minister Harris Georgiades said in an interview with Bloomberg TV.<\/p>\n<p>Georgiades did not elaborate on how much gold Cyprus might sell nor at what price.<\/p>\n<p>Asked if the government had the support of the central bank to go ahead with the sale, Georgiades said: &#8220;It&#8217;s something that will be examined soon, I hope.&#8221;<\/p>\n<p>A central bank spokeswoman said last week the sale of gold reserves was not presently on the board&#8217;s agenda.\u20140-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyprus&#8217;s finance minister said on Wednesday he anticipated the island nation to sell part of its gold reserves &#8220;during the next months&#8221;, but the final decision rested with the central bank, Reuters reported today<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[13191,12617,15424],"class_list":{"0":"post-52665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-cyprus","9":"tag-gold","10":"tag-reuters-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/52665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=52665"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/52665\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=52665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=52665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=52665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}