Bank of England kept gold reserves from Venezuelan government, reports say
BoE declines to comment on reports as US government ramps up pressure on Maduro regime
Several news agencies have reported that the Bank of England prevented the Venezuelan government from gaining access to $1.2 billion in gold reserves following a request from US authorities.
The BoE has not commented on the request. “The Bank of England provides banking services – including gold custody services – to a large number of customers. The Bank does not comment on any of those relationships, which are subject to customer confidentiality,” a BoE spokesperson told Central Banking. “In
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Gold
Ecuador reallocating reserves and investing in technology – Avellán
General manager highlights effort to cut gold holdings and launch new financial infrastructure
Central banks buying less gold
Net purchases in August were lowest monthly level since March, says World Gold Council
Hungary’s central bank increases gold reserves by 16.4%
MNB now has highest per capita bullion stocks in central and eastern Europe
EM central banks, Chinese and Indian households going for gold
Financial products have made it easier to access precious metal – BdF research
Central banks buying more gold
Emerging markets led way in sales and purchases for June, according to World Gold Council
PBoC and RBI have highest-ever gold holdings, WGC says
PBoC paused gold purchases in May for first time since November 2022
Four central banks commit to responsible artisanal gold principles
Colombia, Ecuador, Mongolia and the Philippines commit to effort to improve domestic, small-scale gold purchases
Vietnamese central bank moves to lower domestic gold prices
SBV official says market may be fixed but analyst points to shifts in supply and demand