PPP KINGDOM

PPP KINGDOM

WILL VENEZUELAN BILLIONS SETTLE IN RUSSIA?

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Venezuela could take its foreign currency and gold reserves out of the US and European banks and place them in “friendly countries”, one of which is Russia, declared Venezuelan Parliament member Julio Montoya in an interview with a local news station.

The gold, which is allocated abroad and valued at $11 billion, will be returned to its homeland, while the currency could be transferred to “friendly countries” – Russia, China and Brazil. Thus, Russia could receive an “inflow” of up to 6 billion Venezuelan dollars, more than half of which have been held in Switzerland, and the remainder allocated in the US, British and French financial institutions.

http://rt.com/politics/press/rossijskaya-gazeta/venezuela-currency-reserves-russia/en/

Best Regards,

FINANCIAL WARRIOR

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