Citigroup to sell Venezuelan gold to recover loan


RT America’s Sara Montes de Oca joins News.Views.Hughes to discuss the Citigroup plans to sell several tons of gold placed as collateral by Venezuela’s Central Bank on the 1.1 billion dollar loan after failing to repay by the deadline. The bank plans to sell the gold as a guarantee- but it now has a market value of over 1.3 billion dollars- so Citigroup plans to deposit the excess of approximately 258 million dollars into a New York bank. Then Investigative journalist Ben Swann joins RT America’s Scottie Nell Hughes to weigh in.

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