Opposition deputy: The Venezuelan gov't targets gold to negotiate debt
Venezuela's opposition deputy Américo De Grazia dismissed China-Venezuela agreement over gold mines
Venezuelan authorities "are seeking the highest bidder and they have found it. That is why we have regarded this as a fraud against the nation," De Grazia remarked, adding that the "government has plans to use the natural resource as a means to negotiate its own debt."
The opposition leader stressed that said negotiation "is by no means beneficial for Venezuela and will rather lead to increased debt or could be used to pay the current debt with gold and diamonds (...)."
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.