Central Banking

Venezuela begins gold repatriation

gold1

Friday saw the arrival of the first shipment of Venezuela's repatriated gold in the country.

President Hugo Chavez announced in August that he planned to bring almost all of Venezuela's gold holdings back to country to be stored in the central bank's vaults. A total of 160 tonnes worth more than $11 billion is expected to be repatriated.

The operation to move the gold from storage in Europe where it has been kept since the 1980s, came about due to uncertain economic conditions in the region, a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.