More gold reportedly withdrawn from Venezuela Central Bank: 30 tonnes in total since start-2019

Posted 10 April, 2019

Venezuela's leader Nicolas Maduro withdrew 8 t of gold from the Central Bank reserve for further international sales striving to attract stable currency to the country.

According to media reports citing the governmental sources in the know, the current gold reserves in Venezuela amount to some 100 t worth over $4 billion. At the same time, the reserves decreased by 30 t beginning from the start of 2019 before Washington tightened measures against Venezuela.

The US President Donald Trump is attempting to block all sources of funds for the current leader of Venezuela and push him for resigning in such a way.

At the same time, Nicolas Maduro switched to sales of the country's gold reserves which can be now one of the few sources of foreign currencies. With the observed pace, Central Bank can be left with nothing by the end of this year.

For reference, the leaders of 50 countries and the USA stated earlier that they admit Juan Guaido as the legitimate president of the country.

Meanwhile, the US official noted that Washington condemned the Maduro's office in attempts to steal the reserves of the people. The US spokesperson added that all institutions located in the USA and worldwide should not take part in this scheme of despoiling of Venezuela.

As the sources stated, the recent gold withdrawal was guided only by top-officials, while the rest of the bank's employees walked out due to power and water supply problems.
Venezuela's Central Bank refused to comment on this information.

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10 April, 2019 15:37

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