UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela | Reuters:
Abu Dhabi investment firm Noor Capital said on Friday that it bought 3 tonnes of gold on Jan. 21 from Venezuela’s central bank, at a time when President Nicolas Maduro is seeking to keep his crisis-stricken government solvent.
Noor Capital said in a statement it would refrain from further transactions until Venezuela’s situation stabilizes and its purchase was in accordance with “international standards and laws in place” as of Jan. 21.
Reuters reported on Thursday that Venezuela had shipped 3 tonnes of gold to the United Arab Emirates on Jan. 26 and would sell 15 tonnes more to the country in the coming days.
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