Monday, 15 February 2016

Venezuela in talks with Deutsche Bank on gold swap

Venezuela's central bank has begun negotiations with Deutsche Bank AG to carry out gold swaps to improve the liquidity of its foreign reserves as it faces heavy debt payments this year, according to two sources familiar with the talks. Low oil prices and a decaying state-led economic model have weakened the Opec nation's currency reserves and spurred concerns that it could default Read More

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