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‘That gold belongs to our people!’ – Venezuela asks King Charles to release country’s blocked assets for quake reconstruction

Wake Up Singapore by Wake Up Singapore
July 10, 2026
in World
Reading Time: 3 mins read
‘That gold belongs to our people!’ – Venezuela asks King Charles to release country’s blocked assets for quake reconstruction
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Gold Release Appeal

Venezuela’s acting president, Delcy Rodriguez, said on Wednesday that she would ask King Charles III to help release Venezuelan gold held at the Bank of England, arguing the funds are needed for recovery after the June 24 earthquakes.

Speaking during a virtual meeting with coordinators of 87 temporary camps in Caracas, Rodriguez said the gold belonged to the Venezuelan people and should be used to address the disaster.

Screengrab of the video

“We have the resources, and I have decided to send a letter, among others, to the King of England, so that they release the gold that is being held at the Bank of England. That gold belongs to our people, and that gold must be available to address the terrible, tragic consequences of this double earthquake,” she said.

Longstanding Gold Dispute

The request has renewed attention on a long-running legal and diplomatic dispute over about 31 tonnes of Venezuelan gold held at the Bank of England.

The UK has refused to recognise Venezuela’s post-Maduro leadership, and British Foreign Secretary Yvette Cooper told parliament in January that London would continue to withhold recognition of the Venezuelan authorities.

Rodriguez said she had also spoken by phone with IMF Managing Director Kristalina Georgieva about accessing Venezuelan resources blocked at the fund.

Screengrab of the video

“Venezuela has the resources to recover, to rise again. And yesterday I also held a call with the director of the International Monetary Fund, whom I thank for her attention and her understanding in releasing Venezuela’s blocked resources that are in the Monetary Fund,” she stated.

Recovery Funding Calls

She repeated calls for international sanctions on Venezuela to be lifted, saying frozen assets should be used for reconstruction.

“Venezuela has resources blocked around the world with which to address this reconstruction and recovery process.”

Earthquake Death Toll

Venezuelan authorities say the June 24 earthquakes have killed at least 3,811 people, injured more than 16,000 and left thousands homeless.

VTV, via Viory.Video

More from Wake Up Singapore:

Venezuela Missing Posters Fill Caracas As Over 44,000 Remain Unaccounted After Deadly Quakes

Venezuela Quake Death Toll Hits 1,450 as Thousands Flee to Emergency Shelters

Venezuela Death Toll Hits 920 as La Guaira Declared Disaster Zone

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