Post
Topic
Board Economics
Re: This is how 0.037 Bitcoins looks like in Venezuela
by
OROBTC
on 29/10/2015, 21:24:01 UTC
...

Venezuela apparently has been selling a big part of its gold stash (which is a pretty large 370 tonnes, or was...):

http://www.zerohedge.com/news/2015-10-29/venezuela-sells-billions-gold-repay-its-debt

They will have to sell more before too long, or else they will be unable to borrow.

Note that the New York banksters are perfectly OK with receiving gold as "money"!