Skip to content
Back to Guavy Wire
Forex

Venezuela Demands Bank of England Return $1.9 Billion in Gold

Instruments
GBP
Share

Venezuelan interim president Delcy Rodriguez has demanded the return of her country's gold reserves held at the Bank of England. The reserves, valued at $1.9 billion in 2023, have been frozen for over six years due to Britain's refusal to recognize Nicolas Maduro's 2018 reelection. Rodriguez accused the Bank of England of unlawfully seizing the gold, stating that it belongs to Venezuelans and not the bank.

The demand comes amid improving diplomatic relations between Venezuela and Britain, which announced in September that they would appoint ambassadors to their diplomatic missions. This follows an agreement in August between the interim government and part of the opposition to work toward recovering the gold to aid victims of the June 24 earthquakes.

Rodriguez ordered the foreign ministry and the attorney general's office to take action to secure the gold's return. The demand was made nine months after Maduro was ousted in a US military operation. Rodriguez criticized what she described as a mockery aimed at unlawfully seizing Venezuela's resources, emphasizing that the gold is part of the central bank's reserves.

More on Forex

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc