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.
14 Articles
14 Articles
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 under discussion would give Delcy Rodriguez's interim government legal control of the gold but would not have the right to immediately sell the reserves, four people familiar with the …
Venezuela's government and opposition are close to an agreement to move the country's roughly $4 billion worth of gold reserves from London to New York. Banker.az reports that the Financial Times reports, citing sources familiar with the matter. The newspaper reports that the transfer of gold owned by the Central Bank of Venezuela, currently held in the Bank of England, to the Federal Reserve Bank of New York is under discussion. If the plan com…
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 …
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