Venezuelan Socialists Support Gold Repatriation

Caracas, Aug 21 (Prensa Latina) The ruling United Socialist Party of Venezuela (PSUV) begins in this capital on Sunday a process of mobilizations to support the President Hugo Chavez�s decision to repatriate gold reserves held in foreign banks.

According to PSUV vice president Aristobulo Isturiz, the mobilizations planned nationwide for the coming days begin with an assembly which will have among participants the minister of Finance and Planning, Jorge Giordani, and the president of the Central Bank, Nelson Merentes.

¿We summon Caracas residents so that can make questions if they have any doubt, because we will strongly support Chavez� decision, said Aristobulo Isturiz.

On Wednesday, Chavez announced the repatriation of $11 billion USD in gold held abroad, which belong to the international reserves, due to the financial crisis currently pounding the United States and European nations.

The measures increased the national political debate, with the support of PSUV members and the rejection of the opposition.

The ruling party and its allies consider the measures as part of the financial sovereignty and a model of socialist development, while the opposition calls them of negative impact.

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