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

Las reservas de oro de Venezuela cayeron 3 toneladas en el primer semestre de 2021, su nivel más bajo en 50 años, según datos del propio Banco Central de Venezuela. Según reseña la agencia Reuters, las extracciones en los primeros seis meses del año elevaron las reservas totales a 83 toneladas. Esas reservas estaban valoradas en 4.900 millones de dólares a fines de junio, una caída de 187 millones de dólares desde fines de 2020. El año pasado, las reservas de oro del país sudamericano cayeron 19 toneladas. El BCV no ha revelado a los compradores de su oro. Texto completo-> Alnavio

 Courtesy translation-> Venezuela’s gold reserves fell 3 tons in the first half of 2021, their lowest level in 50 years, according to data from the Central Bank of Venezuela itself. According to Reuters, the extractions in the first six months of the year raised total reserves to 83 tons. Those reserves were valued at $ 4.9 billion at the end of June, a drop of $ 187 million from the end of 2020. Last year, the South American country’s gold reserves fell 19 tons. The BCV has not disclosed the buyers of its gold.

The Venezuelan central bank’s gold reserves dropped by about 12 tonnes in the last six months to a new 50-year low, according to its 2020 financial statements. Facing a collapse in oil production and the effects of U.S. sanctions, President Nicolas Maduro’s government has continued to use the sale of monetary gold as a source of income. By by Mayela Armas, Corina Pons, Sarah Kinosian. Full Text -> LeaderPost

The drop comes as Venezuela, whose key oil industry is under U.S. sanctions, sells its gold abroad to obtain foreign currency amid an economic crisis. The central bank maintained reserves above 350 tonnes until 2015, when the increasingly cash-strapped government began to use gold as a collateral for loans. By Mayela Armas, Corina Pons and Luc Cohen. Full Text-> Reuters