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Montevideo, April 18th 2024 - 16:36 UTC

Tag: Venezuela debt

  • Thursday, March 21st 2019 - 09:45 UTC

    Citigroup plans to sell US$ 1.6bn of Venezuelan gold held on collateral

    Under the terms of the 2015 deal with Citigroup’s Citibank, Venezuela was due to repay US$ 1.1 billion of the loan on March 11

    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.