Story perspectives

Venezuela Plans $4B Gold Transfer to New York Fed

By Drooid · Sep 18, 2026, 11:14 PM UTC · How we work

Summary

Story summary

Venezuelan government under Delcy Rodríguez is preparing to move $4 billion in gold to the New York Federal Reserve.
The draft deal lets the government control the gold but bans immediate sale.
The gold could be pledged as collateral for borrowing to rebuild areas damaged by the June 24 earthquakes.
Opposition demands transparency, U.S. oversight and project-by-project approval of gold-backed spending.

History

Historical Context

After Greece missed its IMF payment in June 2015, the crisis revived interest in using sovereign gold as collateral, a tactic now seen in Venezuela under Delcy Rodríguez, which plans to move significant gold to the New York Fed. Greece’s earlier IMF borrowing totaled about 27.8 billion SDR, illustrating long-standing reliance on external funds.

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Story summary

Venezuelan government under Delcy Rodríguez is preparing to move $4 billion in gold to the New York Federal Reserve.
The draft deal lets the government control the gold but bans immediate sale.
The gold could be pledged as collateral for borrowing to rebuild areas damaged by the June 24 earthquakes.
Opposition demands transparency, U.S. oversight and project-by-project approval of gold-backed spending.

1 / 2