🇦🇷 The mystery of Argentina’s gold: Milei admits that it was transferred abroad, without specifying the quantities or destination
Argentina’s #reserves, held by its #CentralBank, include almost two million troy ounces of gold, valued at about $4.5 billion. But lately, there’s a question that’s on everybody’s lips: where is it ? Did some of it remain within #Argentina, while the rest was transferred abroad? Well, the official information only offers partial answers.
The administration of far-right President Javier #Milei admitted to the recent transfer of #gold abroad, but didn’t specify quantities, the destination, or the purpose for this measure. Nor did the Central Bank provide any details. In a scenario of financial instability — and with the government facing the need to accumulate reserves — the decision generated suspicions and speculation.
There are also fears that the gold could possibly be seized, due to long-standing legal cases that have been filed against Argentina by foreign creditors.
Argentina’s #reserves, held by its #CentralBank, include almost two million troy ounces of gold, valued at about $4.5 billion. But lately, there’s a question that’s on everybody’s lips: where is it ? Did some of it remain within #Argentina, while the rest was transferred abroad? Well, the official information only offers partial answers.
The administration of far-right President Javier #Milei admitted to the recent transfer of #gold abroad, but didn’t specify quantities, the destination, or the purpose for this measure. Nor did the Central Bank provide any details. In a scenario of financial instability — and with the government facing the need to accumulate reserves — the decision generated suspicions and speculation.
There are also fears that the gold could possibly be seized, due to long-standing legal cases that have been filed against Argentina by foreign creditors.