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CAP ships eight tons of gold to London (Latest News, February 21, 1989)

Published at: 21/02/2024 09:00 PM

  • In the midst of a wave of popular protests over the announcement of the neoliberal package, Carlos Andrés Pérez ordered, under the application of police repression, the shipment of 8 tons of non-monetary gold from the BCV's international reserves to the underground vaults of the Bank of England, for a value corresponding to U$D 148,730,000, oo. The estimated value of this first shipment, as of today, would be 472,480,000, or U$D.
  • The issuer also managed the shipment of an additional 23 tons of gold ingots to London and other international markets, as part of the shock policies or macroeconomic adjustments imposed by the economic gurus of the Pérez government following the IMF recipe book.
  • 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 collateral for the Leonine loans with which international banks ended up strangling the Venezuelan economy. Its total estimated value is U$D 1,830,860,000, oo.
  • The manager of these deliveries was Pedro Tinoco, Minister of Finance during the first administration of Rafael Caldera (1969-1974), president of the Central Bank of Venezuela 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).
  • Other managers of this debacle were: Miguel Rodríguez, Ricardo Kauffman and Moisés Naím.

THE FIRST VICTIM:

  • Carlos Andrés Pérez, ignoring the national outcry, and just seven days after “El Caracazo” occurred, 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