Venezuela negotiates transfer of its gold reserves to New York

According to an original report by the Financial Times, published on September 18, 2026 by the portal AlbertoNews - Periodismo sin censura, the government of Venezuela and the opposition are close to reaching an agreement to transfer their gold reserves. The plan contemplates moving these assets, valued at about $4 billion, from the vaults of the Bank of England to the Federal Reserve Bank of New York.

The dispute over control of these gold reserves has been a source of intense political and legal tension in British courts for years. Moving the reserves to a US institution such as the Federal Reserve seeks to break the standoff over the legitimacy of custody of the assets. Under the proposed arrangement, Venezuelan authorities would obtain legal recognition over the gold, though on the condition that they cannot liquidate or sell these reserves immediately.

According to information published by Bitácora Económica, these gold reserves, also estimated at $4 billion, represent a crucial component of the external assets of the Central Bank of Venezuela. Moving the reserves to New York would allow them to be used as financial collateral to obtain international loans. This financing would be directed to rebuilding infrastructure after the two earthquakes that struck in June 2026, functioning as a fiscal policy mechanism to address the emergency.

In addition, strengthening the Central Bank's balance sheet through control and backing of these assets is meant to generate macroeconomic stability and help contain inflation in the country. Unlike direct spending on public works, which tends to push prices up through higher domestic demand, backing from international reserves acts as an anchor for the local currency, improving confidence in the monetary policy of the Venezuelan central bank.

Going forward, the definitive ruling of the British courts remains to be seen, given that the Bank of England has said it will not act until it receives a clear court order. The parties involved will have to reactivate legal mechanisms in London to formalize the transfer of custody to the Federal Reserve Bank of New York, an indispensable step for the political agreement to translate into financial viability.