Opposition leader Juan Guaido has asked Citibank to delay by 120 days Venezuela&...
CARACAS - Opposition leader Juan Guaido has asked Citibank to delay by 120 days Venezuela’s scheduled repurchase of gold that President Nicolas Maduro’s government put up as collateral for a loan in 2015, three members of the team advising Guaido said.
One of the sources told Reuters that Citibank has not yet informed them whether or not it will agree to the request. A Citibank spokesperson declined to comment. Venezuela’s Information Ministry and the central bank did not respond to requests for comment on the status of the loan and its own discussions with Citibank, if any.
The U.S. government has recognized Guaido as Venezuela’s leader and anchored that decision by ordering all U.S. companies buying crude from state oil company PDVSA to make payments into bank accounts controlled by Guaido’s government. In the deal, the BCV had sold $1.6 billion of gold to a British unit of Citibank, to be held at the Bank of England, according to the report filed to the U.S. market regulator.
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