The Global Resource For Connecting Buyers and Sellers

Venezuela exports $456m in gold to Switzerland amid cash crisis

Venezuela exported about 443-million Swiss francs ($456-million) worth of gold to Switzerland in February, data showed on Tuesday, as the South American country’s central bank carried out swaps to receive cash due to a biting economic crisis. Details of the data published by the Swiss customs bureau were not immediately clear, though Venezuela’s central bank’s president in February confirmed to Reuters it had been carrying out gold swaps.