The bank is selling off gold to keep the country afloat, drawing down its reserves of the metal to $6.6 billion from almost $20 billion at the beginning of 2012, according to a report from investment bank Caracas Capital Markets. “Venezuela has been running on fumes for years and hoping the reserve tank would get them to safety,” said Russ Dallen, managing partner of the bank.

https://www.bloomberg.com/news/features/2018-04-09/the-bloody-grab-for-gold-in-venezuela-s-most-dangerous-town