CAP ordered eight tons of gold to be transferred to London
Published at: 26/02/2025 08:00 PM
(Latest News and EL NACIONAL, February 21, 1989)
- In the midst of popular protests and student demonstrations over the announcement of the transfer of gold reserves from the vaults of the Central Bank of Venezuela (BCV) to England, Carlos Yépez Pérez was assassinated, a victim of government repression.
- Carlos Andrés Pérez ordered, with the application of severe police repression, the shipment of 8 tons of gold from the BCV's international reserves to the Bank of England.
- The issuer also managed the shipment, in the future, of an additional 23 tons of gold ingots, destined for London and other international markets, as part of the economic shock policies imposed by the government's financial brains; namely: Miguel Rodríguez and Ricardo Haussman, who followed the prescriptions of the International Monetary Fund (IMF).
- On that occasion, the president of the BCV, Pedro Tinoco, anticipated that part of that gold would be sold to obtain 100 million dollars.
- Under this neoliberal scheme, the governments of Democratic Action and Copei handed over 31 tons of gold from our international reserves to the Bank of England, as a guarantee of the “fresh money” granted by international banks, which only served to strangle the Venezuelan economy.
- The total estimated value of the 31 tons that these governments handed over to the Bank of England and that have been illegally stolen from the Venezuelan State is U$D 1,830,860,000, oo.
- The greatest guru and manager of these deliveries was Pedro Tinoco, Minister of Finance during the first administration of Rafael Caldera (1969-1974), president of the BCV in the second administration of Carlos Andrés Pérez (1989-1993), president of the Mercantile Bank (1967.1973) and president of the Latin Bank (1975-1989). “Zamuro taking care of meat”, as popular wisdom says.

THE FIRST VICTIM OF “EL PAQUETAZO”:
- Carlos Andrés Pérez, preparing the ground for what he knew was going to happen and only seven days after “El Caracazo”, applied the repression to the maximum, leaving a UCV worker dead as a result of police action inside the university campus.
- This first victim was Carlos Yépez Pérez, a janitor in the laboratory of the Institute of Medicine and a member of the UCV athletics team.
Mazo News Team