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Despite the sanctions, BCV sold 9 tonnes of gold

April 15, 2019 8:56 am
Updated on April 15, 2019 9:45 PM

The Central Bank of Venezuela, a government institution run by the ruling coalition, sold gold shipments worth $ 400 million, despite international financial sanctions, according to the specialized Bloomberg portal.

Sources said that this amount, equivalent to nearly 9 tons, was reflected in a fall in the bank's reserves, which fell to $ 8.6 billion in April.

Bloomberg said that gold sales could mean Nicolás Maduro avoiding the sanctions imposed by the United States.

The most important banking institution in the Venezuelan state works temporarily with an emergency team of 100 employees, whereby the 2,000 employees are excluded after the power outages in recent days.

With information from Bloomberg

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