Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration.
Friday, February 26, 2016
Venezuela is shipping gold to pay debt
http://money.cnn.com/2016/02/25/news/economy/venezuela-gold-debt/
Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration.
That gold was
shipped out just weeks before two big debt payments due this month,
totaling $2.3 billion. On Friday alone, Venezuela has to pay bondholders
$1.5 billion.
Venezuela sent $1.3 billion worth of gold bars to Switzerland in mid-January, according to data from the Swiss Federal Customs Administration.
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