Venezuela Scrambles to Bring Home Gold Reserves
Reuters Africa reported that Venezuela is receiving shipments of its own gold as it buys back reserves.
Articles Tagged "central bank"
Venezuela Nationalizes Gold Industry
As the price of gold appears to spiral continually upward among pervasive fears of economic security, Venezuelan President Hugo Chavez has made wide sweeping policy changes in Venezuela to redistribute gold assets and nationalize the industry.
Gold and forex reserves up $5bn
Top.rbc(Russia) reports Russia’s gold and foreign exchange reserves is up $5 billion from a week before. The fast rise could be due both to the dollar’s depreciation against the euro and the Central Bank’s increased acquisition of foreign currency on Russia’s forex market, bringing the reserves to their highest level ever recorded. For complete story, click this [...]
