Central Bank Gold Agreement

Central Bank Gold Agreement

The Central Bank Gold Agreemnt (CBGA) is a cartel-like agreement between central banks that limits the amount of gold they can sell.

More About Central Bank Gold Agreement

  • An agreement that limits the amount of gold that central banks can sell
  • Intended to prevent the price of gold from falling too fast
  • Created after multiple central banks sold gold at the same time in the 1990s and 200s
  • Most recent renewal is from 2014 - 2019
  • Formed in 1999
  • Renewed with 5 year intervals