At least 8 tons of gold were removed from the Venezuelan central bank's vau...
CARACAS - At least 8 tons of gold were removed from the Venezuelan central bank’s vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of President Nicolas Maduro’s desperation to raise hard currency amid tightening sanctions.
Alvarado and the government sources, who spoke on condition of anonymity, did not say where the central bank was sending the gold. They said the operation took place while central bank head Calixto Ortega was abroad on a trip. Some 20 tons of monetary gold were also removed from the central bank’s vaults in 2018, according to the bank’s data, leaving 140 tonnes remaining, the lowest level in 75 years.
Venezuelan Foreign Minister Jorge Arreaza said on Wednesday, during a United Nations meeting in Geneva, that the Bank of England had blocked the government’s assets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sourcesChina's central bank is not yet ready to cut benchmark interest rates to sp...
Read more »
Exclusive: Brazil's state bank Caixa close to selling $2.4-billion Petrobras stake - sourcesBrazilian state-owned bank Caixa Economica Federal is close to selling a 9-billi...
Read more »
Singapore central bank chief says policy 'appropriate' but monitoring dataSingapore's monetary policy stance remains appropriate, the city-state&039...
Read more »
Bank of America to Remove Merrill Lynch Name From Some BusinessesThe bank will drop the Merrill Lynch name from its investment bank, trading operations and units that work with corporate clients.
Read more »
Buffett, after last week's stock plunge, says Berkshire Hathaway 'overpaid' for KraftWarren Buffett tells CNBC that Berkshire Hathaway paid too much for Kraft, acknowledging he may have misjudged certain aspects about the company.
Read more »
US exports outpaced imports of oil products last week for second time everThe U.S. exported more oil and refined products than it imported for the second time ever but weather may have affected the flow of oil into the country.
Read more »