Central Bank – Summaries of news and views OnVenezuela https://onvenezuela.com Wed, 16 Feb 2022 13:04:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Central Bank – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Gold reserves down to new 50-year low https://onvenezuela.com/gold-reserves-down-to-new-50-year-low/?utm_source=rss&utm_medium=rss&utm_campaign=gold-reserves-down-to-new-50-year-low Wed, 16 Feb 2022 13:04:26 +0000 https://onvenezuela.com/?p=13504

The Venezuelan central bank’s gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank on Tuesday.The quantity of gold bars at the bank’s vaults in Caracas fell to an equivalent of 79 tonnes, down from 86 tonnes equivalent at the end of 2020. By Mayela Armas. Full Text ->Reuters

Traducción de cortesía -> The Venezuelan central bank’s gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by the bank on Tuesday.The quantity of gold bars at the bank’s vaults in Caracas fell to an equivalent of 79 tonnes, down from 86 tonnes equivalent at the end of 2020. Traducción al español -> Google Translación

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Venezuela orders banks to sell dollars from fuel sales to forex market https://onvenezuela.com/venezuela-orders-banks-to-sell-dollars-from-fuel-sales-to-forex-market/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-orders-banks-to-sell-dollars-from-fuel-sales-to-forex-market Fri, 19 Jun 2020 11:01:10 +0000 https://onvenezuela.com/?p=3996

Venezuela’s central bank has ordered local banks to sell dollars received through gasoline sales to the government’s foreign-exchange system to boost supply of hard currency to the cash-strapped economy, three sources familiar with the requests said. By Mayela Armas, Corina Pons, Sarah Kinosian. Full Text -> Regina Leader-Post

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Venezuela removed six tonnes of central bank gold at turn of year – sources https://onvenezuela.com/venezuela-removed-six-tonnes-of-central-bank-gold-at-turn-of-year-sources/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-removed-six-tonnes-of-central-bank-gold-at-turn-of-year-sources Fri, 13 Mar 2020 12:48:28 +0000 https://onvenezuela.com/?p=2011

The Venezuelan government removed some six tonnes of gold from the central bank’s vaults between late 2019 and early 2020 to raise more hard currency for President Nicolas Maduro’s cash-strapped administration, according to two government sources familiar with the movement. By Reuters. Full text-> Kitco News

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Venezuela’s inflation tumbles to 9,586% in 2019: central bank https://onvenezuela.com/venezuelas-inflation-tumbles-to-9586-in-2019-central-bank/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-inflation-tumbles-to-9586-in-2019-central-bank Wed, 05 Feb 2020 11:24:12 +0000 http://onvenezuela.com/?p=1094

Venezuela closed 2019 with 9,585.5% inflation, a sharp fall from 130,060% in 2018, the country’s central bank said on Tuesday. by Sarah Kinosian. Full text-> Reuters

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