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Where is Venezuela’s gold?

Venezuelan gold, which once represented one of the largest reserves in the world, has been deeply reduced in the last years, with a loss of up to 10 tonnes in 2022, according to financial statements of the Central Bank of Venezuela (BCV), reviewed by Reuters.

With the fall of gold bars, the Caribbean country's reserves stood at 69 tonnes at the beginning of this year, with an average price estimated at US$1,897.70 per troy ounce by the end of January.

Venezuela, administered by Chavista Nicolás Maduro, had not released records of domestic gold purchases since . . .

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