While the world obsesses how much longer Venezuela's Nicolas Maduro can remain in power before he loses the support of the local military or the US deploys yet another "humanitarian mission" to depose him, forcing the embattled dictator to place several tons of the country's gold on a cargo plane to a non-extradition destination as he takes one final trip abroad, the ongoing "soft coup" is also playing out within the halls of the central bank, where in addition to a lot
of currency printing in recent years, Bloomberg reports
that staffers are waging a small mutiny and refusing to sign-off on key bank transactions.
The Central Bank of Venezuela stands in Caracas
According to "four people with direct knowledge of the matter", some central bank employees received early retirement offers Friday after disregarding orders from upper management. The mini mutiny took place as staffers fret about potential consequences and repercussions of signing off on certain operations that have been barred by US sanctions, and as discontent bubbles over as Venezuela’s economic and political outlook deteriorates.
As previously reported, attempts by Maduro to repatriate $1.2 billion of gold from the Bank of
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