Venezuela nears deal to move $4 billion gold reserve to New York, FT says
The deal would give the interim government legal control of about $4 billion in bullion but bar an immediate sale, the report said.
- On Friday, the Financial Times reported that the Venezuelan government and opposition are nearing an agreement to transfer $4 billion in gold reserves from The Bank to the Federal Reserve Bank.
- The BoE has withheld 31 metric tons of gold since 2019, citing non-recognition of President Nicolas Maduro's government after backing opposition leader Juan Guaido in a prolonged legal dispute.
- Despite President Nicolas Maduro's capture in January, the bullion remained locked until President Delcy Rodriguez requested its release from King Charles, according to reports.
- Under the proposed deal, President Delcy Rodriguez would gain legal control over the assets but cannot sell them immediately; the gold would serve as collateral for reconstruction efforts following the twin earthquake.
- Reuters could not immediately verify the report, as the Federal Reserve Bank, The BoE, and the British Foreign Office did not respond to requests for comment outside regular business hours.
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Venezuela nears deal to move $4 billion gold reserve to New York, FT ...
Venezuela is close to an agreement to move its gold reserves from London to New York, the FT reports, citing sources
Venezuela is close to an agreement to move its gold reserves from London to New York, the FT reports, citing sources.Delcy Rodriguez's government will gain "legal control over the gold, but will not be able to sell it immediately. " However, the...
The Venezuelan authorities and opposition are close to an agreement to transfer 31 tons of gold reserves from the British Central Bank to the Federal Reserve Bank of New York, the media write. The Venezuelan authorities and opposition are ready to conclude an agreement to transfer the country's gold reserves from the Bank of England to the Federal Reserve Bank of New York, TASS reports.The British central bank holds 31 tons of bars worth about $…
The Venezuelan government and the country’s opposition are close to reaching an agreement to transfer the central bank’s gold reserves, worth about $4 billion, from the Bank of England to the Federal Reserve Bank of New York, the Financial Times reported. The deal would see the interim government led by Delsea Rodriguez gain legal control over the gold, but not […] The post Venezuela is getting closer to an agreement to transfer over $4 billion …
This amount of gold bullion will not be taken to Venezuela, but will be used as collateral for loans. The Venezuelan government and the opposition have...
In Venezuela, the government and opposition are close to reaching an agreement that will determine the future of gold reserves worth $4 billion. Under the plan, which could end a seven-year dispute, the gold will be moved from the UK to the US, but the government will not be allowed to sell the reserves immediately.
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