# Venezuela looks to UK-held gold for reconstruction as inflation surges

https://mins.news/en/item/20769

- Reuters, 2026-08-13 02:01 UTC
- Economy
- Original: https://www.reuters.com/world/americas/venezuela-inflation-grows-199-july-central-bank-says-2026-08-12/?link_source=ta_bluesky_link&taid=6a7d256a325a7500012a91b2

> Venezuelan authorities plan to prioritize reconstruction and recover gold reserves estimated at $4 billion that are held in underground Bank of England vaults, National Assembly chief Jorge Rodriguez said on Wednesday. Monthly inflation has surged to 20%.