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Deutsche Bank's seizure of Venezuela's Gold

The political crisis in Venezuela, the German Bank will now get to feel: The Maduro Regime has not paid the interest due for a loan. Now, the German Bank uses t

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Deutsche Bank's seizure of Venezuela's Gold

The political crisis in Venezuela, the German Bank will now get to feel: The Maduro Regime has not paid the interest due for a loan. Now, the German Bank uses the after security to put: 20 tons of Gold. A case with more complicated political component.

Venezuela of money. The South American country is effectively broke. In order to get to the money, you need to dissolve the corrupt Maduro Regime for its gold reserves. A good 40 percent of the gold treasure have already been used up.

the contract in advance

quit it, there may soon be nothing left. Especially now, banks to seize Gold, because the government in Caracas to meet their payment obligations. According to the Citibank in March, does now also the Deutsche Bank. The money the Institute had given 2016 as the Maduro Regime, a credit in the amount of $ 750 million. The business should be run until 2021, however, because Venezuela has not made its interest payments, announces the Deutsche Bank contract.

Further course information, to Deutsche Bank

you will receive access to the security deposited Gold of Venezuela, deposited with the Bank of England. It is 20 tons of Gold, which corresponds to the current price of about $ 860 million.

stock 08.00 am: Gold can Shine

06.06.2019 12:16 PM

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To whom the amount of the difference to be paid?

The Problem: Since the conclusion of the contract, the price of gold has risen. Venezuela thus is entitled to the difference of the amount. For Deutsche Bank the question is to whom you pay the money now – to the Still-President Nicolas Maduro or the opposition leader Juan Guaido, has declared the interim President.

Further course information, to Gold in US dollars

"We are in contact with the German Bank, to negotiate the conditions," said Ignacio Hernandez, the USA-based "Minister of justice" of Guaido, to Bloomberg. In his view, will risk it Deutsche Bank to give the money to the Maduro Regime. Due to the sanctions against Venezuela, the United States could raise such a move as a violation of the values and causes of action against the German Bank. Once again, the Deutsche Bank unit in the maelstrom of geopolitical turmoil.

nb

source: boerse.ard.de No breakthrough in the Venezuela conflict, 30.05.2019 Venezuela: "money is nothing more value," 12.02.2019 optimism ahead of the ECB meeting, ECB remains in a zero interest rate policy until mid-2020 Short purchase fantasy inspired Cobank

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