BCV sold 9 tons of gold despite the penalties


April 15, 2019 08:56
Updated 15 April 2019 21:45

According to the specialized portal Bloomberg, the Central Bank of Venezuela, a state institution managed by the governing coalition, has sold gold for an estimated value of 400 million dollars despite international financial sanctions.

The sources said that this amount, amounting to almost 9 tons, was reflected in a decline in the bank's reserves, which fell to 8.6 billion dollars in April.

Bloomberg said gold sales could mean that Nicolás Maduro is avoiding sanctions imposed by the United States.

The main bank of the Venezuelan state is working temporarily with an emergency team of 100 workers, dispensing 2,000 employees after the blackout in recent days.

With information from Bloomberg


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