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Venezuela to Transfer $4 Billion Gold Reserve to New York

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Insights by Echo AI

The Venezuelan government and opposition are close to an agreement to transfer gold reserves worth around $4 billion from the Bank of England to the Federal Reserve Bank of New York. The deal, backed by the U.S., aims to end a seven-year dispute over the assets and could allow Venezuela to use the gold as collateral for borrowing to finance public spending and rebuild the country after the June earthquake.

Source coverage

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98

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98 Sources

  1. LiveSquawk avatar

    LiveSquawk

    X / Twitter / @LiveSquawk

    Venezuela Nears Deal To Move $4B Gold Reserve To New York – FT https:...

  2. Financial Times avatar

    Financial Times

    X / Twitter / @FT

    Venezuela nears deal to move $4bn gold reserve to New York https://t.c...

  3. ЕЖ avatar

    ЕЖ

    Telegram / @ejdailyru

    Правительство Венесуэлы и оппозиция близки к соглашению о переводе зол...

  4. Investing.com avatar

    Investing.com

    RSS / @investing.com/rss/news.rss

    Venezuela nears $4 bln U.S. gold transfer deal, FT reports

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