13-August-2026
Economy News
 
Venezuela Looks to UK-Held Gold Reserves for Reconstruction as Inflation Surges
13-Aug-2026

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%.

News Source:- https://money.usnews.com/investing/news/articles/2026-08-12/venezuela-inflation-grows-to-19-9-in-july-central-bank-says