Venezuela Welcomes Home Final Shipment Of Repatriated Gold Reserves
JANUARY 30, 2012, 11:21 P.M. ET
Venezuela Welcomes Home Final Shipment Of Repatriated Gold Reserves
CARACAS (Dow Jones)--Venezuelan officials completed a two-month process of repatriating 160 tons of the country's gold holdings Monday, by welcoming home the final shipment of the precious metal from Europe.
Declaring the process a "mission accomplished," government officials and state news crews met the 14-ton load at a Caracas area airport and heralded the televised event as a boost to national sovereignty.
Beginning late November, the government of President Hugo Chavez called back to the central bank's vaults in Caracas about three-quarters of the roughly 211 tons of the country's gold reserves that were stored in U.S., European and Canadian banks.
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"Venezuela's gold is now in the hands of Venezuelans, secured by Venezuelans and at the service of all Venezuelans," Merentes said, according to a central-bank press release.
More:
http://online.wsj.com/article/BT-CO-20120130-718210.html
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