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Venezuela's Gold in England: A Legal Battle Amidst National Crisis

KVIA•Wednesday, July 22, 2026 at 6:15 PM•CNN Newsource

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AI Summary

Venezuela is embroiled in a legal struggle over 31 tons of gold stored at the Bank of England, valued at approximately $4 billion. The gold has been inaccessible to the Venezuelan government since 2019 when the UK court did not recognize Nicolás Maduro as president. The situation intensified after Maduro's capture by U.S. forces in January 2023, leading to a shift in Venezuela's political landscape. Delcy Rodríguez, now acting president, has appealed to King Charles III to release the gold for humanitarian efforts following devastating earthquakes in June that resulted in over 5,000 deaths. The outcome remains uncertain as legal battles continue.

Key Details: • 31 tons of Venezuelan gold valued at $4 billion are held at the Bank of England. • Access to the gold has been denied since January 2019 due to political recognition issues. • Delcy Rodríguez has formally requested the release of the gold for reconstruction efforts. • Over 5,000 deaths reported from earthquakes in June 2023 have heightened the urgency of the request.

gold venezuela nicolas-maduro delcy-rodriguez bank-of-england

People & Organizations

VenezuelaNicolás MaduroCarlos IIIDelcy RodríguezLa GuairaJuan GuaidóBank of England

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