Citigroup plans to sell US$ 1.6bn of Venezuelan gold held on collateral
Published on: Sunday 13 February 2022
Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a US$ 1.6 billion loan after the deadline for repurchasing them expired this month, sources said Reuters, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves.
News source: https://en.mercopress.com/2019/03/21/citigroup-plans-to-sell-us-1.6bn-of-venezuelan-gold-held-on-collateral
