Venezuela’s international gold reserves slumped 25 percent in the first half of the year as the country’s foreign currency crisis deepens.

The holdings fell to $7.5 billion in June from $10 billion at the end of last year, according to financial statements published by the central bank this week on its website. The drop surpasses the 16 percent decline estimated by the International Monetary Fund.

The volume of the country’s gold reserves fell 27 percent to 6.3 million troy ounces in June from the end of last year, central bank figures show.