January 31, 2019 / 7:27 PM / in 3 months

Exclusive: Venezuela prepares to fly tonnes of central bank gold to UAE - source

CARACAS (Reuters) - Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge of the plan said, in a bid by the cash-strapped country to stay solvent.

The sale of gold reserves that back the Bolivar currency began on Jan. 26 with a shipment of 3 tonnes, the official said, and follows the export last year of $900 million (£686 million) of unrefined gold to Turkey and the United Arab Emirates.

Reporting by Corina Pons, Editing by Rosalba O'Brien

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