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Agreement near to release Venezuelan gold to U.S. supervision
Thirty Tons of Venezuelan gold, a Bargaining Chip Between Chavismo and the Opposition
By Alonso Moleiro
El Pais, Madrid
Wednesday, August 19, 2026
The likelihood is growing that an agreement will be reached to use Venezuelan assets frozen abroad as part of talks, mediated by the United States, between government and opposition delegations that began earlier in August.
Several figures involved in the negotiations have confirmed the information. In particular, the republic's gold bars held at the Bank of England -- about 31 tons, equivalent to $4 billion -- could be released; they have remained frozen under the custody of the British regulator.
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The dispute erupted after opposition leader Juan Guaido proclaimed himself interim president in 2019, claimed control over national assets abroad, and refused to recognize the government of Nicolas Maduro, which part of the international community considered illegitimate following accusations of fraud in the May 2018 elections.
British authorities have signaled they would be willing to release the assets if a political agreement is reached, according to sources close to the negotiating team. Unlike the stance it held in 2015, London now recognizes the legitimacy of Delcy Rodríguez's mandate, following an earlier recognition by Washington.
A longstanding point of distrust between the government and the Venezuelan opposition is the latter's lack of confidence in the chavista administration's probity in handling state funds.
The U.S. mediation would be responsible for closing the deal and would assume control of the funds to administer them. Sources say use of those resources would have to be approved by the Treasury Department and the State Department. ...
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