Venezuela reportedly nears deal to move about $4 billion in gold to New York Fed
The reported proposal would transfer central bank gold from the Bank of England, giving Venezuela’s interim government legal control but restricting immediate sales.
TLDR
Venezuela’s interim government and opposition are reportedly nearing an agreement to move about $4 billion in central bank gold from the Bank of England to the Federal Reserve Bank of New York. The proposed arrangement would give the interim government legal control of the gold, with restrictions on immediate sales.
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