Loading ...Venezuela Prepares To Liquidate Its Remaining Gold Holdings To Pay Coming Debt Maturities
Submitted by Tyler Durden on 02/07/2016 – 20:07 
Venezuela’s central bank has begun negotiations with the suddenly troubled Deutsche Bank to carry out gold swaps “to improve the liquidity of its foreign reserves as it faces heavy debt payments this year”, payments which it won’t be able to fund unless it manages to “liquify” its gold. “One of the sources said the central bank has taken an unspecified amount of gold out of the country so that it can be certified, which is required for gold that is used in such swaps.”