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Venezuelan "insistence" required 15 tons of golden gold from the Bank of England – Finance



Monday, December 11, 2013 10:00 (GMT + 7)

The government of Venezuela has asked to recover 15 tons of gold in the vaults of the British bank and is worth more than $ 500 million.


The worsening economic crisis in Venezuela has prompted the country's government to urgently request a $ 500 million gold reserve. This move seems to have been prompted by the recently announced US policy that made President Nicolas Maduro difficult to lend to international markets. The Trump administration last Thursday issued a sanction banning US citizens to deal with any individual involved in the sale of "gold or abuse" of gold from Venezuela.

The Venezuelan authorities approached and exchanged with the Bank of England about the cancellation of about 15 tons of grain in the country. With rising markets such as Venezuela, the gold reserves in the central bank of the developed countries have become a safe haven in economic terms.

Venezuela & # 34; 15 tons of gold from the Bank of England - 1

Venezuela wants to repatriate $ 550 million from the Bank of England

The renewal of gold was planned by the government for nearly two months, but it was difficult to run and order insurance for such a large shipment. In addition, the Bank of England is trying to clarify the use of Venezuela with this amount of gold. However, the central bank of Venezuela and the Bank of England refused to comment.

In recent years, Venezuela has become a major gold seller in the world. Only this year, Venezuela has sold more than 26 tons of gold, worth nearly $ 900 million.

But over the last four years, Venezuelan gold reserves have fallen from a record 400 tonnes to around 175 tonnes. Venezuela has sold a large amount of gold reserves under President Hugo Chavez, trying to solve the economic crisis that causes problems for the country. Intimidation of the goods left many Venezuelans unable to afford everyday living material. Poverty and violence across the country.

The report of the International Monetary Fund in July says Venezuela's inflation will reach 1.000 million.

Shock: The country has increased the base salary to 3,500%

It looks like a myth, but this is a real story that saves the state of inflation in this country.


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