Overview
- Argentina filed a sworn declaration in the Southern District of New York stating Banco Central de la República Argentina gold reserves are protected by sovereign immunity.
- Officials said the Economy Ministry does not know the gold’s location because custody and administration rest exclusively with the central bank.
- The BCRA warned that disclosing past or present locations, accounts or movements of reserve assets could harm monetary and exchange policy, liquidity management and financial-system security.
- Plaintiffs linked to Petersen Energía Inversora and Eton Park, with Burford Capital identified as a beneficiary, asked on January 21 for detailed gold locations and account histories to pursue enforcement of a roughly US$16.1 billion judgment.
- Argentina has appealed the discovery process to the Second Circuit and asked Judge Loretta Preska to suspend discovery, and the judge has not yet ruled on those requests or on the plaintiffs’ motions regarding the gold.