Home Blockchain News Maduro Scoops 8 Tons of Venezuelan Central Bank Gold for Illegal $340 Million Cash Swap

Maduro Scoops 8 Tons of Venezuelan Central Bank Gold for Illegal $340 Million Cash Swap

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Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week. Alvarado told Reuters that the gold will likely find a market outside the country. He did not reveal the exact destination of the gold, though only saying ‘they plan to sell it abroad illegally’. At roughly $42,640 per kilogram of gold, the gold is worth over $340 million. Gold Disappeared While

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* First published on ccn.com

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