First shipment of gold arrives in the US from Venezuela

This Sunday, March 8, US Secretary of the Interior Doug Burgum confirmed the arrival in the country of the first shipment of Venezuelan gold, valued at $100 million

US Secretary of the Interior Doug Burgum confirmed this Sunday, March 8, that the first shipment of Venezuelan gold, valued at $100 million, has arrived in the United States.

 

Regarding this transaction, which was finalized on Friday the 6th, the official stated: “We signed the first licenses for the flow of critical and precious minerals. On Friday, US$100 million worth of gold arrived in the United States from Venezuela, for both industrial and commercial purposes.”

He added that both nations signed the “first licenses for the flow of critical and precious minerals” and noted that “the Caribbean nation has US$500 billion in gold resources.”

According to Burgum, Venezuela also possesses critical minerals, such as bauxite for aluminum, which the United States needs for defense and consumer goods.

This shipment of gold bars from the South American country to the United States is the result of the new General License 51 issued by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury on Friday, March 6. The legal instrument “permits transactions inherent and necessary for the export, sale, supply, storage, purchase, delivery, or transportation of gold of Venezuelan origin for importation into the United States.”

M.Pino

Source: informe21

(Reference image source: Andrej Sachov on Unsplash)

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