Venezuela completes repatriation of gold reserves

caracas-venezuela

The Central Bank of Venezuela has announced the completion of its operation to return 160 tonnes of gold to the vaults of the central bank. The precious metal had previously been held in various European and US banks.

"On Monday, January 30 the last shipment arrived," said the central bank in a statement, adding: "The process was completed quickly, safely and efficiently."

The final shipment of 14 tonnes arrived in Caracas after being flown into the country, ending the laborious process that

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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