Venezuela urges gold Return from Bank of England
Venezuela, in collaboration with the opposition and under the auspices of the United States, has sought to recover approximately 31 tons of gold reserves held in the Bank of England, estimated to be worth over $4 billion. The aim is to strengthen the national economy and address the aftermath of earthquakes that have damaged the country. Previous efforts had failed since 2018 due to London's refusal to recognize the socialist government, but the new agreement seeks to unify efforts to end the gold's detention and establish transparency and tracking mechanisms to ensure its proper use. Acting President Delsys Rodriguez sent a letter to King Charles III requesting the return of the gold. This step is part of the country's broader efforts to overcome its economic crisis and rising inflation, which has reached 575% annually.
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