By Jah B | 3 September 2026
The Dutch central bank, De Nederlandsche Bank (DNB), has completed a strategic reallocation of its gold reserves, moving 86 tonnes of gold from North American vaults to London.
According to a statement released Wednesday, the bank transferred 78 tonnes from New York and approximately 7 tonnes from Ottawa between March and August. The process involved a combination of physical shipments and market transactions; most of the metal was sold in New York and repurchased in London. Additionally, 27 tonnes were physically transported to Zeist in the Netherlands, with an equivalent amount of market-standard bars subsequently moved to the Bank of England.
President Olaf Sleijpen stated that the objective of the move was to improve crisis preparedness and tradeability, noting that assets held in London can be accessed and utilized more efficiently than those held on another continent.
As of the end of 2025, the DNB held a total of 612.4 tonnes of gold, valued at €72.2 billion. Prior to this reallocation, 31.3 percent of these reserves were located in New York and 19.7 percent in Ottawa. Following the shift, the distribution is now 32.1 percent in London, 30.8 percent in Zeist, and 18.5 percent each in New York and Ottawa.
While the DNB has reduced its North American footprint, it continues to maintain a significant presence in the United States. The bank describes the move as a rebalance of its portfolio rather than a total withdrawal.
