Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4 billion held in the Bank of England's underground vaults, National Assembly chief Jorge Rodriguez said on Wednesday, as monthly inflation surged to 20%.
- Venezuela aims to recover $4 billion in gold reserves held by the Bank of England for reconstruction efforts following devastating earthquakes.
- The gold's release is stalled due to a legal battle and the UK's non-recognition of the Maduro government.
- The country is grappling with surging inflation, exacerbated by the recent natural disaster.
Topics: Asset types, Jurisdictions, Risk default, Alternative assets, Cross jurisdictional policy, Credit counterparty risk
Tags: #venezuela #goldreserves #bankofengland #reconstruction #inflation #naturaldisaster #legalbattle #assetrecovery