Bank of England kept gold reserves from Venezuelan government, reports say

Bank of England and Stock Exchange
Rachael King

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: