Venezuela: gold removed from central bank

Written by David Fletcher 28 Feb 2019
Venezuela: gold removed from central bank

Opposition leader Juan Guaidó was prevented from delivering aid across Venezuela’s border recently, and twenty-five wounded protesters were treated in Brazil. Now President Nicolás Maduro is seeking to raise capital amid tightening sanctions. Eight tons of gold were removed in government vehicles from the Venezuelan central bank’s vaults while its head was abroad on a trip. No security guards were present. The gold will be sold abroad to raise funds. Production of oil, the country’s biggest export, has collapsed, plunging the country into a deep economic crisis. Meanwhile, in Brazil, Mr Guaidó met EU ambassadors, then President Bolsonaro, in an attempt to drum up international pressure on Maduro to step down. He has vowed to return to Caracas soon despite the risk of imprisonment. See

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