Photo: Heinz-Peter Bader / Reuters
The Venezuelan government has sold nine tons of gold worth $ 400 million, thus surpassing the US sanctions, according to Bloomberg.
According to Agency sources to buy gold could companies from Turkey and the United Arab Emirates (UAE). It is noted that this means that the government of President Nicolas Maduro has found a way to circumvent US sanctions imposed on Venezuela.
According to Bloomberg, the foreign exchange reserves of the Central Bank of Venezuela now account for 8.6 billion dollars.
Earlier it was reported that since the beginning of 2019 the gold reserves of the country decreased by 30 tons to 100 tons. Selling gold from the reserves actually became the only source of foreign currency for Venezuela.
Sanctions from the United States to restrict receipt of revenues from exports of the state oil company PDVSA, however, they will be cancelled if nicolás Maduro would leave the presidency of Venezuela, and the country will hold fair elections.
Video, photo All from Russia.