15h

Delcy Rodríguez Seeks Release of $1.9B in Bank of England Gold to Fund Earthquake Relief

Delcy Rodríguez asks King Charles III and the Bank of England to release roughly 30 tons of Venezuelan gold, worth about $1.9B, and urges the International Monetary Fund to free $5.1B in blocked Special Drawing Rights to fund earthquake relief after quakes that have killed more than 3,600 people.The gold remains frozen after a UK court refused to hand control to Nicolás Maduro's government, and Rodríguez, who assumed the interim presidency after Nicolás Maduro's capture in a US operation, has discussed the SDRs with Kristalina Georgieva.The US has suspended economic sanctions for four months to help aid delivery, Washington is easing constraints to develop Venezuela's oil resources, and the United Nations estimates about $6.7B in damage, roughly 6% of Venezuela's GDP.
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