Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Maduro calls for return of Venezuela’s gold deposited in United Kingdom
CARACAS, Venezuela — Venezuelan President Nicolas Madurospeaks to businessmen during the presentation of Venezuela'snation-brand in Caracas on Monday.
Business
February 12, 2019

Maduro calls for return of Venezuela’s gold deposited in United Kingdom

CARACAS, Venezuela (AFP) — Venezuela President Nicolas Maduro has called on Britain to return “more than 80 tons of gold” reserves deposited in London instead of sending humanitarian aid, in an interview with the BBC .

Venezuela is in the midst of an economic crisis as millions of people face shortages of basic necessities such as food and medicines.

But Maduro refuses to allow in aid sent by the United States to alleviate the crisis.

The socialist leader told the BBC, according to a transcript made public yesterday, that his country may have gold reserves weighing 80 tons or more deposited at the Bank of England.

Maduro, who faces a challenge to his authority back home from opposition leader Juan Guaido, said the gold is “legally Venezuela’s, it belongs to the Central Bank of Venezuela”.

Maduro says the US has frozen US$10 billion in Venezuelan accounts through its sanctions.

Washington has said it will turn over control of those resources to Guaido once Maduro has been removed from power.

“They should send a convoy with the dollars they’ve stolen from us,” said Maduro, who claims that aid would be a pretext to a foreign intervention.

“Send a convoy with the 80 tons of gold. Let it come, the convoy of money, it’s our money. With that we could solve our country’s problems.”

The government is hamstrung by a serious lack of liquidity, aggravated by US sanctions targeting both regime individuals and the state oil company PDVSA.

Venezuela has spent months trying to repatriate its gold reserves from London.

“I hope there will be respect for international law and the Central Bank of Venezuela,” said Maduro, who is under huge international pressure to leave power so self-proclaimed acting president Guaido can set up a transitional government and hold new elections.

“Hopefully justice will prevail and Venezuela won’t be expropriated of something it owns,” added the socialist leader.

Guaido, who is recognised as Venezuela’s true leader by around 50 countries, has asked the British government to ensure the Bank of England doesn’t release the gold or other assets held there to Maduro.

British Prime Minister Theresa May is one of the world leaders to have recognised Guaido.

Maduro claims the government needs its foreign assets to alleviate the shortages of food and medicines, which he says is being used by the Washington-backed opposition to paint a picture of a humanitarian crisis to justify a US military intervention.

French corporate and investment bank Natixis claims Venezuela has 31 tons of gold worth US$1.3 billion stashed in the Bank of England.

CARACAS, Venezuela — An ice-cream vendor stands in front of amural in the centre of Caracas, yesterday. (Photos: AFP)

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

CARPHA conducting health assessment in Jamaica following Hurricane Melissa
Latest News, News
CARPHA conducting health assessment in Jamaica following Hurricane Melissa
November 6, 2025
KINGSTON, Jamaica — The Caribbean Public Health Agency (CARPHA) is conducting a rapid health needs assessment across several parishes in Jamaica in th...
{"jamaica-observer":"Jamaica Observer"}
St Vincent man killed weeks after death threats left on his social media
Latest News, Regional
St Vincent man killed weeks after death threats left on his social media
November 6, 2025
KINGSTOWN, St Vincent (CMC) — St Vincent police are investigating the murder of a young man who was shot and killed on Wednesday, five weeks after at ...
{"jamaica-observer":"Jamaica Observer"}
PAHO urges governments to do more to deal with malaria cases
Latest News, Regional
PAHO urges governments to do more to deal with malaria cases
November 6, 2025
WASHINGTON, United States (CMC) — The Pan American Health Organization (PAHO) Thursday called on governments and other stakeholders in the Americas to...
{"jamaica-observer":"Jamaica Observer"}
St John Ambulance and JN Foundation deliver medical relief to hurricane survivors
Latest News
St John Ambulance and JN Foundation deliver medical relief to hurricane survivors
November 6, 2025
KINGSTON, Jamaica — More than 250 volunteers mobilised by St John's Ambulance Jamaica and the JN Foundation provided first aid and essential medical s...
{"jamaica-observer":"Jamaica Observer"}
‘Systemic racism’ hard-wired into London police – report
International News, Latest News
‘Systemic racism’ hard-wired into London police – report
November 6, 2025
LONDON, United Kingdom (AFP) -- Decades of "systemic racism" within London's Metropolitan Police mean discrimination is "embedded" into its systems, l...
{"jamaica-observer":"Jamaica Observer"}
Former NFL star Brown extradited from Dubai to face trial in shooting – police
International News, Latest News
Former NFL star Brown extradited from Dubai to face trial in shooting – police
November 6, 2025
MIAMI, United States (AFP) -- Former NFL star Antonio Brown was extradited from Dubai to the United States to face a charge of attempted murder stemmi...
{"jamaica-observer":"Jamaica Observer"}
Kingston volunteers bring relief to flooded St Elizabeth communities
Latest News
Kingston volunteers bring relief to flooded St Elizabeth communities
November 6, 2025
KINGSTON, Jamaica — Two Kingston entrepreneurs swapped their office routines for flooded roads last week, trekking into Reading District, St Elizabeth...
{"jamaica-observer":"Jamaica Observer"}
Commissioner Blake leads JCF volunteers in hurricane relief efforts across western Jamaica
Latest News
Commissioner Blake leads JCF volunteers in hurricane relief efforts across western Jamaica
November 6, 2025
KINGSTON, Jamaica — Police Commissioner Kevin Blake has been leading a team of Jamaica Constabulary Force (JCF) volunteers in relief and recovery oper...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct