Venezuela defies sanctions to sell another $40 million in gold reserves

Section:

By Patricia Laya
Bloomberg News
Monday, July 15, 2019

Venezuela sold about $40 million worth of gold last week, defying numerous U.S. sanctions that threaten to cut off Nicolas Maduro's autocratic regime, according to people with knowledge of the matter.

The central bank sold nearly one ton of gold July 12, lowering Venezuela's dollar reserves to a near three-decade low of $8.1 billion, the people said. While sanctions increasingly cut off Venezuela from the global financial system, Maduro has been selling gold to firms in places such as the United Arab Emirates and Turkey, reaching approximately 24 tons of gold in sales since the beginning of April. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-07-15/venezuela-defies-sanc...



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Glint Completes L5 Million Private Placement
and Welcomes Sprott as Strategic Investor

Company Announcement
Thursday, June 13, 2019

Glint Pay Inc. (glintpay.com), the first-mover company that enables physical gold to make instant payments using a debit Mastercard, today announced the completion of a private placement of L5 Million in London-based parent Glint Pay Ltd. The financing was led by Sprott, an alternative asset manager and a global leader in precious metal and real asset investments with approximately $8 billion in assets under management.

Founded in the United Kingdom in 2016, Glint established the first app-based account in February 2018 giving clients in Europe a low-cost way to buy, sell, and save physically allocated gold and for the first time instantly spend it via the Glint Mastercard anywhere Mastercard is accepted. Glint Pay then added multiple currency wallets, including U.S. dollars, British pounds, and euros in July 2018. The company is working on its launch into the United States. ...

... For the remainder of the announcement:

https://glintpay.com/en_us/glint-en_us/glint-completes-5-million-private...



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