Germany’s Central Bank Displays Gold Bars Reserve

Germany's central bank displays its gold reserves. Picture source: Reuters
Germany's central bank displays its gold reserves. Picture source: Reuters
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Germany’s Central Bank Displays Gold Bars Reserve

Germany's central bank displays its gold reserves. Picture source: Reuters
Germany's central bank displays its gold reserves. Picture source: Reuters

Months after the Bundesbank, Germany's federal bank, reacquired much of its gold bullion reserves from abroad, the bank is presenting a portion of its treasure to the public for the first time.

Speaking of the current exhibition of the noteworthy bars of gold bullion and rare coins on display at the German Money Museum in Frankfurt, Carl-Ludwig Thiele, a board member of the bank, said: “Almost nothing attracts more public interest than that of pure gold,”

According to the German News Agency, among the displayed gold is one of the oldest gold bars from the German currency reserves, which was poured in London in 1917. "The exhibition completes the Bundesbank's transparency initiative on its gold," says Thiele.

After growing public pressure in 2013, the bank set itself the goal of holding at least half of the German reserves in its own vaults on home soil. Hundreds of bars from the vaults of the US Federal Reserve in New York and the Banque de France in Paris were brought back to Frankfurt. The relocation of the precious metals was completed in August.

Some 1,710 tons of the metal will continue to be stored on the premises of the Bundesbank in Frankfurt. Some German gold will remain in New York and London. Germany possesses 3,378 tons of gold, estimated to have a value of 141 billion dollars.

In the case of a major crisis, gold can be exchanged for currency. London is the largest trading center for the precious metal and the US dollar the most important international reserve currency.

The exhibition "Gold. Treasures at the Deutsche Bundesbank" will run until September 30, 2018, at the Money Museum of Bundesbank in Frankfurt, Germany.



Port of NEOM Strengthens Role in Global Supply Chain Connectivity

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
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Port of NEOM Strengthens Role in Global Supply Chain Connectivity

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA
By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030 - SPA

Port of NEOM has marked a major milestone with the arrival of the first fully automated, remote-controlled Ship-To-Shore (STS) and Electric Rubber-Tyred Gantry (eRTG) cranes in the Kingdom, advancing its goal to become a global hub for smart, sustainable trade, SPA reported.

Strategically located on the Red Sea, Port of NEOM is already serving as a critical gateway on the East-West trade route. The newly arrived state-of-the-art cranes will play a critical role in the port’s automation strategy, unlocking the potential for high-volume, high-efficiency operations.

Development of Port of NEOM continues at a pace ahead of the 2026 opening of Terminal 1, a next-generation container terminal, with recent infrastructure milestones including the completion of a 900-meter quay wall and the deepening of the port channel to 18.5 meters—enabling the world’s largest vessels transiting the Suez Canal to call at Port of NEOM.

Terminal 1 will also feature horizontal transport automation as part of its broader goal to achieve full automation. Once operational, these technologies will significantly expand the port’s logistics capacity, driving regional industrial growth, opening access to global markets, enhancing supply chain resilience, and unlocking business opportunities.

Port of NEOM Managing Director Sean Kelly said: “The arrival of our first automated cranes marks a tangible milestone as we lay the foundations for an advanced, future-ready port. We are not only accelerating industrial growth in northwest Saudi Arabia, but we are also setting a new benchmark for performance, efficiency, innovation and establishing a vital trade gateway for the Kingdom and the region beyond.”

In parallel with its investments in infrastructure and automation, Port of NEOM is also committed to developing local talent, including training Saudi women to take on high-tech roles. Central to this effort is a pioneering initiative to train the next generation of production specialists in remote crane operation skills, thereby helping to shape a more inclusive future for the logistics and industrial sectors.

By empowering Saudi workers with high-tech skills, Port of NEOM is supporting NEOM’s vision of being a catalyst for a sustainable, diverse, and innovative ecosystem that enables regional economic resilience and advances the goals of Saudi Vision 2030.