Why Venezuela can’t access $4 billion in gold that could help with earthquake recovery - CNN
Why Venezuela can’t access $4 billion in gold that could help with earthquake recovery - CNN
Source: CNN
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DW NOTE
The Bank of England has been holding Venezuela's gold since 2018, refusing to release it to Maduro's government on grounds it doesn't recognise his legitimacy. Venezuela wants it for earthquake relief; Britain says handing bullion to a regime it considers illegitimate would set a precedent. So $4 billion in monetary metal sits in a vault doing nothing while Caracas pleads poverty — a reminder that when you store your reserves in someone else's jurisdiction, "your" gold isn't really yours.