Hostgator promo codes

Saturday, November 26, 2011

Chavez repatriates Venezuela's foreign gold reserves

Venezuela has accustomed its aboriginal addition of gold bars, afterwards President Hugo Chavez ordered the repatriation of 85% of the country's banknote reserves.
The gold was escorted through Caracas by troops and armoured vehicles
The gold was unloaded from a even and taken beneath abundant bouncer to the Central Coffer in the capital, Caracas.

President Chavez has explained the move as an act of ascendancy that will assure Venezuela's affluence from all-around bread-and-butter turbulence.

However critics say it is big-ticket and unnecessary.

Venezuela affairs to accompany home about 160 tonnes of gold, account added than $11bn (£7bn).

"The gold is abiding to area it was consistently meant to be: the vaults of the Central Coffer of Venezuela," Mr Chavez said.

Hundreds of troops lined the avenue to Caracas as a accompany of armoured aegis trucks escorted by aggressive cars agitated the banknote to the bank.

'Historic act'

Officials said the gold had appear from European countries but did not say how abundant was in the aboriginal shipment, citation aegis concerns.

Central Coffer arch Nelson Merentes said the acknowledgment of the gold to Venezuela was a "historic act".

"It has celebrated value, it has allegorical value, and it has banking value," he said.

"The country's affairs will be backed by free wealth, so we are not accountable to burden from anyone."

Opposition groups accept criticised the move as a autonomous admeasurement aimed at advocacy Mr Chavez's acceptance advanced of next October's presidential elections, if he is gluttonous addition appellation in office.

Some critics accept appropriate that Mr Chavez is acting out of fears Venezuela's across assets could one day be arctic by sanctions, as happened to his acquaintance and ally, the backward Libyan baton Col Muammar Gaddafi.

0 comments:

Post a Comment