GL 51A — Venezuelan-Origin Gold Transactions

Issued

Mar 27, 2026

Expiration

No expiration

Authorized entity

Compradores institucionales de oro

Type

General

Scope

Amended version of GL 51 authorizing transactions with Venezuelan-origin gold under certified chain of custody and quarterly OFAC reporting.

Authorized activities

·Compra-venta de oro VE certificado
·Refinación con LBMA-grade chain of custody

Prohibited activities

·Compra de oro de minería ilegal Arco Minero sin certificación

VENE · ECONOMIST Analysis

Fact: GL 51A (27 de marzo de 2026) introduce un régimen de oro VE certificado, similar al modelo de Conflict Minerals para Coltán africano.
Implication: Reservas BCV de oro (~$5B nominal) pasan de activo congelado a activo pignorable. Habilita swap-lines de oro por liquidez con bullion banks tier-1.
Indicator to monitor: Primer registro de exportación oro certificado VE. Anuncio de swap-line BCV-LBMA.

Official source

OFAC — action page

This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.

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