Reply To: Venezuela
It’s been mentioned before, Venezuela’s gold dealings, but its cropped up again in the media.
“…Venezuela removed eight tonnes of gold from the central bank’s vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions…the central bank’s reserves had fallen by 30 tonnes since the start of the year before U.S. President Donald Trump tightened sanctions, leaving the bank with around 100 tonnes in its vaults, worth more than $4 billion (£3 billion). At that rate of decline, the central bank’s reserves would nearly disappear by the end of the year…”