Venezuela Gold Reserves - Venezuela S Gold Reserves Drop By 1bn In First Half Of This Year Business And Economy Al Jazeera
Venezuela Gold Reserves - Venezuela S Gold Reserves Drop By 1bn In First Half Of This Year Business And Economy Al Jazeera . Venezuela is selling off gold reserves as bond payments loom. For over 50 years, the bcv had around 350 tonnes of gold, but between 2015 and 2017 it processed loans using gold as guarantee. £820m) worth of venezuelan gold. Guaido has claimed government officials loyal to maduro want to sell off the country's foreign gold reserves in the u.k. A battle for the control of more than $1.8bn worth of venezuelan gold stored at the bank of england has swung in favour of the government of nicolás maduro after an appeals court in london. Assuming that the central bank of venezuela has international reserves of about 130 tons of gold, minus the 17 tons that it cannot use (since they are held at the bank of england), venezuela has only 113 tons of gold available — in other words, approximately $5 billion worth. Venezuela has launched legal proceedings ...