- BIST10012,251-0.12%
- USD49.37+0.07%
- EUR55.21+0.01%
- GOLD4,179.50+0.05%
- INTEREST37.00%-1.00
- BITCOIN83,454+0.43%
- October 14, 202617°
- BIST10012,251-0.12%
- USD49.37+0.07%
- EUR55.21+0.01%
- GOLD4,179.50+0.05%
- INTEREST37.00%-1.00
- BITCOIN83,454+0.43%
- October 14, 202617°
Venezuela asks King Charles III to release its gold reserves
Venezuela's interim President Delsi Rodríguez sent a letter to King Charles III requesting the release of gold reserves blocked at the Bank of England. Rodríguez stressed that they need these resources to heal the wounds of the double earthquake.
Venezuela's interim President Delsi Rodríguez sent a letter to King Charles III requesting the release of gold reserves blocked at the Bank of England.
In an interview with state television VTV, Rodríguez highlighted the devastation caused by two major earthquakes that struck the country. "This gold belongs to our people and must be used to deal with the terrible and tragic consequences of the double earthquake," she said.
Rodríguez stated that Venezuela needs these resources to accelerate the recovery process, boost employment, revitalize working life, and rebuild the education system. She added that she also held a phone call with International Monetary Fund (IMF) Managing Director Kristalina Georgieva regarding the release of Venezuela's frozen funds.
Rodríguez called on local and foreign companies to build new homes to replace those destroyed in the earthquake "actively and swiftly," and announced that the timeline for the relevant projects would be made public soon.
Although the US has recently eased some sanctions, financial restrictions on Venezuela remain in place. According to reports in the national press, the country's assets abroad are also blocked. These include approximately $2 billion in gold reserves held at the Bank of England and the assets of Citgo, the US subsidiary of state oil company PDVSA.
A group of 113 people, including economists and scientists, called on the US to lift sanctions on Venezuela. The same group also urged the IMF to facilitate the country's access to international financial resources to cope with the emergency.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
