Accordingly a sum exceeding $250,000,000 in all out of the Reichsbank gold was transferred by Germany to the Allies (chiefly to the United States, Great Britain, however, also receiving a substantial sum) during the first six months of 1919 in payment for foodstuffs.
But this was not all.

Although Germany agreed, under the first extension of the Armistice, not to export gold without Allied permission, this permission could not be always withheld.

There were liabilities of the Reichsbank accruing in the neighboring neutral countries, which could not be met otherwise than in gold.

The failure of the Reichsbank to meet its liabilities would have caused a depreciation of the exchange so injurious to Germany's credit as to react on the future prospects of Reparation.

In some cases, therefore, permission to export gold was accorded to the Reichsbank by the Supreme Economic Council of the Allies.
The net result of these various measures was to reduce the gold reserve of the Reichsbank by more than half, the figures falling from $575,000,000 to $275,000,000 in September, 1919.
It would be _possible_ under the Treaty to take the whole of this latter sum for Reparation purposes.