رؤى Shankha deep Mandall(@SHANKHADEEP)

Venezuela's central bank shipped 113 metric tons of gold reserves to Switzerland between 2013 (when Nicolás Maduro took office) and 2016, valued at approximately $5.2 billion (around 4.14 billion Swiss francs at the time).This gold was likely sent for refining and onward sale on global markets to generate hard currency amid a severe economic crisis, plummeting oil revenues, hyperinflation, and tightening U.S. sanctions. Analysts describe it as "distress selling" by the central bank during 2012–2016 to support the economy.
Shipments to Switzerland halted after 2016, with no records from 2017 through 2025—due to a combination of EU sanctions (adopted by Switzerland in 2018) and significant depletion of available reserves.
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Venezuela's central bank shipped 113 metric tons of gold reserves to Switzerland between 2013 (when Nicolás Maduro took office) and 2016, valued at approximately $5.2 billion (around 4.14 billion Swiss francs at the time).

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Venezuela's central bank shipped 113 metric tons of gold reserves to Switzerland between 2013 (when Nicolás Maduro took office) and 2016, valued at approximately $5.2 billion (around 4.14 billion Swiss francs at the time).