|
2019-04-16 Caribbean-Latin America
|
|
Venezuela Sells $400 Million in Gold Amid Sanctions, Sources Say
|
[BLOOMBERG] Venezuela sold about $400 million in gold despite a growing international push to freeze the country’s assets, according to two people with knowledge of the matter.
The amount, which would equal almost 9 tons, was reflected by a drop in the bank’s total reserves, which fell to $8.6 billion on April 12, according to data provided by the central bank. About $5.1 billion of that is gold.
A central bank press official didn’t immediately respond to requests for comment on the sale Monday.
The sale could mean President Nicolas Maduro
 Venezuela's attempt at producing a Muammar Qadaffy...
has found a way to skirt the economic blockade. Maduro has blown through reserves, selling gold to firms in the United Arab Emirates and The Sick Man of Europe Turkey
...the most dubious NATO
...the North Atlantic Treaty Organization. Originally it was a mutual defense pact directed against an expansionist Soviet Union. In later years it evolved into a mechanism for picking the American pocket while criticizing the cut of the American pants...
ally....
, as sanctions increasingly cut off his authoritarian regime from the global financial system. While he maintains a stranglehold on power on the ground -- including the military and government bureaucracy -- opposition leader Juan Guaido is using support from dozens of countries to slowly seize Venezuela’s financial assets abroad.
The U.S., which recognizes Guaido as the nation’s rightful leader, sanctioned state gold producer Minerven last month. It said lucrative trading in the precious metal keeps the military loyal to Maduro.
|
Posted by Fred 2019-04-16 00:00||
||
Front Page|| [11134 views ]
Top
File under: Commies
|
|
Posted by Procopius2k 2019-04-16 07:13||
2019-04-16 07:13||
Front Page
Top
|
|
08:39 DarthVader
08:36 DarthVader
08:35 badanov
08:33 badanov
08:32 Besoeker
08:27 Skidmark
08:21 Skidmark
08:13 Skidmark
08:10 Skidmark
08:09 Rambler
08:06 Skidmark
07:50 Skidmark
07:49 Skidmark
07:47 Skidmark
07:42 Skidmark
07:32 Clem+Elmish4239
07:29 Richard Aubrey
07:23 Skidmark
07:10 Procopius2k
07:09 NN2N1
07:08 Super Hose
07:07 NN2N1
07:07 Skidmark
07:06 Super Hose
|
