Mature, under pressure, starts selling gold to the UAE to finance the scheme – 31/01/2019

Surrounded by economic isolation and the country's crisis, Nicolas Maduro's regime began selling some of its gold reserves deposited at the Central Bank. The operation began with the shipment of three tons of gold on a charter flight to the UAE, according to sources confirmed by the Venezuelan government to Reuters. The intention is to liquidate 15 tons of gold.

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But other sources, such as the Novaya Gazeta newspaper in Moscow, say the total number will be 30 tons.

A Russian Boeing 757 reportedly brought to Caracas the profits from the first part of the operation, estimated at about $ 1,200 million. The flight arrived in the Venezuelan capital with stops in Morocco and Cape Verde.

It was the second trip of the Boeing 757, which is the only aircraft of an airline called Erofey. The first took place between 18 and 19 January on the Moscow-Dubai-AGadir-Caracas line.

According to the source quoted by Reuters, the Central Bank of Venezuela expects to sell 15 tons of gold from its reserves to the UAE in the coming days. In exchange, in addition to the dollars, she will receive euros in cash to finance her imports.

This year, the issuing institute has already made an initial shipment of about three tons of gold on a charter flight to that country on Jan. 26, the official source said.

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The Central Bank of Venezuela has not immediately responded to a request for information.

The operation with the gold is due to an economic site that the United States and their allies have applied against the oil company PDVSA, the main source of supply in dollar plan costs. The United States, the main buyer of Venezuelan crude oil, has ordered that the benefits of this exchange be paid into blocked accounts of the Bolivarian nomenclature and to which only the leaders of the opposition have access.

Moscow and Caracas. Agencies