Sri Lanka purchased 10 metric tons of gold from the International Monetary Fund today.  The purchase was made with SDRs, the IMF’s currency denomination, but the price is equivalent to about $375 million.

Sri Lanka is cointinuing the trend among Central Banks this year, who are snapping up gold as soon as it becomes available. India and Mauritas have also purchased gold from the IMF this fall, and China and Russia have both increased their gold reserves substantially this year.