Venezuela files claim to force Bank of England to hand over gold

Section:

By Mayela Arms and Corina Pons
Reuters
Tuesday, May 19, 2020

CARACAS -- Venezuela's central bank has made a legal claim to try to force the Bank of England to hand over E930 million ($1.02 billion) of gold so President Nicolas Maduro's government can fund its coronavirus response, according to the document submitted in a London court.

The claim follows a request Venezuela made to the Bank of England in April to sell part of its gold reserves there and send the proceeds to the United Nations to help with the country’s coronavirus-fighting efforts.

... Dispatch continues below ...



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The Bank of England declined to comment on the claim. The Venezuelan central bank did not respond to a request to comment.

Since 2018, the Bank of England has delayed the transfer of 31 tonnes of Venezuelan gold stored there to Maduro, who Britain does not recognize as the country’s legitimate leader. The bank offers gold custodian services to many developing nations. ...

... For the remainder of the report:

https://www.reuters.com/article/us-venezuela-gold/venezuela-files-claim-...

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