Commodity Trade Mantra

Posts Tagged ‘Gold Liquidation’

Venezuela Begins Liquidating Its Gold

Venezuela’s primary export is oil, that has been slammed in recent months on tumbling oil prices. Venezuela faces a cash crunch following maturity of a 1 billion euro bond this month & coupon payments of $700 million in April. Its central bank is in talks with Wall Street banks to create a gold swap in exchange for $1.5 billion cash.

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