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  • 02-02-19

    UAE's Noor Capital acquires from Venezuela 3 tons of gold

    (MENAFN) UAE's Noor Capital was unveiled to have made a purchase for 3 tons of gold from the Venezuelan Central Bank.

    It comes after reports spread of Caracas aiming to put 15 tons of gold on sale in support of the bolivar currency to the UAE in exchange for euro.

    "Noor Capital does not engage in any illegal or prohibited transactions," the Emirati investment firm insisted in a post on Twitter.

    "On 21 January 2019, Noor Capital purchased approximately three tonnes of gold from Venezuela"s Central bank, per international standards and laws in place as of that date. There have been no subsequent transactions," the firm noted.

    The company further added that its ties with the central bank of Venezuela have been controlled through "clear commercial contracts."

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