Venezuela nears deal to move $4bn gold reserve from London to New York

Agreement would allow interim government of Delcy Rodríguez to access funding

Source: Financial Times

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DW NOTE

Venezuela surrendered its last liquid reserve to unlock $4 billion it cannot withdraw from London. The gold isn't moving because Caracas suddenly trusts New York — it's moving because the Bank of England froze the stock years ago and Washington cut a deal. Interim governments don't negotiate asset transfers; they accept whatever terms let them access cash before the next government forms.

Read the full story at Financial Times →