At the end of 2024, Germany’s net external assets totalled €3,452 billion, thus amounting to around 80 % of the country’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2024. 

The ECB and the 21 central banks that are signatories of the fourth Central Bank Gold Agreement have decided not to extend the agreement. The first agreement was signed in 1999 with the aim of coordinating the gold sales planned by the central banks.

Last year, the Deutsche Bundesbank successfully completed the transfer of its gold stocks from New York. "The realisation of the gold storage plan is therefore well ahead of the original schedule," said Carl-Ludwig Thiele, Member of the Bundesbank’s Executive Board, at a press conference in Frankfurt am Main.

Introducing our newcomers: Marie-Therese Gold, head of the Bundesbank’s representative office in Brussels, Nikola Marcinko, the Bundesbank’s first representative in Riga, Ezgi Delikanli, representative in London, Andreas Gauf and Philipp Täufer on the Frankfurt team. 

The Bundesbank has unveiled a new book which takes a closer look at Germany’s gold reserves. Highly informative and richly illustrated, Das Gold der Deutschen (Germany's Gold) is published by Hirmer-Verlag and is available from bookshops or the Bank’s Money Museum. An English translation will be published shortly.