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Venezuela nears deal to move $4B gold reserves to New York
Venezuela's government and opposition are reportedly nearing an agreement to transfer approximately 31 metric tons of gold reserves, valued at roughly $4 billion, from the Bank of England to the Federal Reserve Bank of New York.
Under the proposed arrangement, the interim government led by Delcy Rodriguez would obtain legal control over the assets. However, the agreement would include restrictions preventing the immediate sale of the gold. Instead, the reserves could serve as collateral to secure international loans, potentially providing much-needed funding for national reconstruction following the devastating earthquakes in June.
The potential deal, supported by the United States, aims to resolve a seven-year legal dispute that began in 2019. The impasse originated when several nations recognized Juan Guaidó as the legitimate president, leading to a battle over the control of the Central Bank of Venezuela's assets in British courts. While the transfer would grant legal ownership to Caracas, opposition groups have demanded strict oversight and monitoring mechanisms to ensure the gold is used appropriately.
Entities
Bank of England · Delcy Rodríguez · Donald Trump · Federal Reserve Bank of New York · Financial Times · Juan Guaido · United States · Venezuela
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 25 SOURCES] Venezuela's government and opposition are nearing an agreement to transfer gold reserves to the US. ohridsky.com · www.cnnbrasil.com.br · www.actualno.com · moderndiplomacy.eu · sputnikglobe.com · +20 more
- [● 2 SOURCES] US President Donald Trump is scheduled to hold a bilateral meeting with Delcy Rodriguez at the UN General Assembly. sputnikglobe.com · thenationalpulse.com
- [● 25 SOURCES] The gold reserves would be moved from the Bank of England to the Federal Reserve Bank of New York. ohridsky.com · www.cnnbrasil.com.br · www.actualno.com · moderndiplomacy.eu · sputnikglobe.com · +20 more
- [● 25 SOURCES] Delcy Rodriguez's interim government would gain legal control of the gold but cannot sell it immediately. ohridsky.com · www.cnnbrasil.com.br · www.actualno.com · moderndiplomacy.eu · sputnikglobe.com · +20 more
- [● 25 SOURCES] The gold could be used as collateral for government loans to fund reconstruction after June's earthquakes. ohridsky.com · www.cnnbrasil.com.br · www.actualno.com · moderndiplomacy.eu · sputnikglobe.com · +20 more
- [● 25 SOURCES] The transfer would end a seven-year dispute over the reserves that began in 2019. ohridsky.com · www.actualno.com · www.wnp.pl · www.cnnbrasil.com.br · moderndiplomacy.eu · +20 more
- [● 25 SOURCES] The gold reserves are valued at approximately $4 billion. ohridsky.com · www.cnnbrasil.com.br · www.actualno.com · moderndiplomacy.eu · sputnikglobe.com · +20 more
- [● 25 SOURCES] The Bank of England has held approximately 31 metric tons of Venezuelan gold. www.cnnbrasil.com.br · moderndiplomacy.eu · www.wnp.pl · ohridsky.com · www.actualno.com · +20 more