Venezuela looks to UK-held gold reserves for reconstruction as inflation surges
Aug 12 - Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4 billion held in the Bank of…
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Summary
The Bank of England has long refused to release some 31 metric tons of Venezuelan gold held in its vaults because it did not recognize the legitimacy of President Nicolas Maduro's government. With July's result, year-on-year inflation stands at 575.9%, according to Reuters calculations based on figures from the central bank.
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The Bank of England has long refused to release some 31 metric tons of Venezuelan gold held in its vaults because it did not recognize the legitimacy of President Nicolas Maduro's government.
according to The Straits Times - WorldWith July's result, year-on-year inflation stands at 575.9%, according to Reuters calculations based on figures from the central bank.
according to The Straits Times - World
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