24 Hrs
Source:
المشهد العربي
Venezuela-US gold transfer nearing
The interim Venezuelan government and opposition forces are approaching an agreement to transfer the country's gold reserves, amounting to approximately four billion dollars, from the Bank of England's vaults to the Federal Reserve Bank of New York. The aim of the agreement is to enable the government to have full control over the gold and to use it as collateral to finance reconstruction efforts and address the impacts of the two earthquakes in June, with an immediate ban on its sale. This agreement marks the beginning of resolving a seven-year dispute over the bullion and comes as a step towards resuming cooperation with international financial institutions after years of suspension.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)