Venezuela Reportedly Files Legal Claim to Force Bank of England to Transfer its Gold | WHAT REALLY HAPPENED

Venezuela Reportedly Files Legal Claim to Force Bank of England to Transfer its Gold

In April, Venezuela, which has been struggling under a COVID-19 quarantine while crippled by US sanctions, demanded that the Bank of England sell part of the gold reserves it has kept there to help fund the country’s efforts to fight the pandemic.

Venezuela’s central bank has filed a legal claim in a commercial court in an effort to force the Bank of England to transfer £930mln ($1.13bln) of its gold, kept there, to fund the government’s COVID-19 response, reported Reuters citing a document submitted in a London court.

Dated 14 May, the claim reportedly says the Venezuelan central bank “seeks an order requiring the BoE to comply with the proposed instruction”.

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