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Tuesday, October 20, 2009

ECB Gold Reserves +EUR1M

FRANKFURT (Dow Jones)--The Eurosystem's reserves of gold and gold receivables increased EUR1 million to EUR238.17 billion in the week ended Oct. 16, the European Central Bank said Tuesday.

The Eurosystem's reserves of net foreign currency decreased EUR1.2 billion to EUR177.9 billion during the period.

The ECB said cash in circulation decreased EUR1.4 billion to EUR770.9 billion.

The Eurosystem consists of the Frankfurt-based ECB and the 16 euro-zone national central banks. Slovakia joined the euro zone Jan. 1, 2009.

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