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Venezuelan creditors want cash and gold reserves ‘closer home’, claims lawmaker

Tuesday, August 16, 2011

Julio Montoya said 18 billion in gold could be returned to Venezuela
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Montoya, speaking on the Globovision network from the National Assembly, said the Venezuelan Finance Ministry wants to transfer more than 6 billion dollars of cash reserves to countries including China, Russia and Brazil. More than 18 billion in gold reserves abroad could be transported back to Venezuela, Montoya said, citing a document he said he obtained from the ministry.
“We think that China, Russia and

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