Venezuela denies but doesn't rule out gold transaction with Wall Street

Section:

Venezuela Central Bank Denies Transactions with Wall Street

By Brian Ellsworth
Reuters
Thursday, November 28, 2013

CARACAS -- Venezuela's central bank president denied on Thursday that the institution is carrying out any transactions with Wall Street banks, a day after a senior government source said it was evaluating a swap agreement involving its gold reserves.

Opposition leaders and local media have reported that Venezuela is seeking to boost availability of hard currency through transactions with Goldman Sachs and Bank of America.

"With respect to the institutions you've mentioned, the central bank ... is not carrying out any operations with these institutions," Central Bank President Eudomar Tovar said at a press conference in response to a question about the reports.

"There are some considerations out there which have come out, but these are unofficial positions, if you will."

Asked again by a reporter, he said: "There has been no activity done by the central bank with Goldman Sachs or any institution."

Tovar's comments did not appear explicitly to rule out the possibility that such a transaction was being negotiated or could be carried out in the future. He declined to elaborate. ...

... For the complete story:

http://www.reuters.com/article/2013/11/28/us-venezuela-economy-idUSBRE9A...



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