Central Banking

Venezuela begins gold repatriation


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

To continue reading...

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 indvidual account here: