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Posts tagged as “reserves”

Venezuela wants to sell gold reserves to shore up economy devastated by US sanctions

Venezuela wants to sell gold reserves to shore up economy devastated by US sanctions Venezuela removed eight tonnes of gold from the central bank’s vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said. With sanctions imposed by Washington choking off revenues from exports by state oil company PDVSA, President Nicolas Maduro’s increasingly isolated administration…

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