To counter US sanctions, Iran has started hoarding gold from a country that even Donald Trump will be shocked.

Tehran (All News) Iran has started collecting Venezuelan gold to counter US sanctions. The two countries' economies have stagnated since the global recession and US sanctions. Sources in Venezuela say government officials have stockpiled about nine tonnes of gold and flown it to Tehran this month. The total value of this gold is 50 500 million. The gold was sent in exchange for Iran's help in reviving a failed petrol refinery in Venezuela.


According to a report published in Al Arabiya, Venezuela's economic crisis has torn the country apart. At present, only 3 6.3 billion in cash remains in the national treasury. This is the lowest amount of cash in three decades. It looks like the two countries want to work together to counter US sanctions and a sharp drop in oil prices. Gold is a new source of income for Iran. From Venezuela The airline that transfers this volume of gold is none other than Mahan Air. The Iranian company is on the US sanctions list.


According to the report, Mahan Air sent six of its planes to Venezuela, a country in the South American continent, just last week. In addition to the spare parts, the planes included technicians who helped repair Venezuela's main refinery on the northwest coast. Take the path Venezuelan officials have not been publicly allowed to discuss the deal.