The sale of country's gold reserves has become one of the Maduro administration's few options to raise funds due to US sanctions.(Reuters: Adriana Loureiro)
CNBC: Venezuela files legal claim in bid to force Bank of England to hand over $1 billion of gold
* The gold is being retained at the Bank of England as a result of U.K. and U.S. sanctions on the crisis-stricken South American country.
* President Nicolas Maduro’s administration has claimed it wants the Bank of England to sell part of the reserves in order to help fund the country’s response to the coronavirus pandemic.
* To date, Venezuela has recorded 749 cases of the coronavirus, with 10 deaths nationwide, according to data compiled by Johns Hopkins University.
Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of gold, claiming it needs the money to fund an appropriate response to the coronavirus pandemic.
The gold is being retained at the Bank of England as a result of U.K. and U.S. sanctions on the crisis-stricken South American country.
President Nicolas Maduro’s administration has claimed it wants the Bank of England to sell part of the reserves in order to help fund the country’s response to the coronavirus pandemic.
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WNU Editor: Not going to happen. Sanctions will not permit it.
More News On Venezuelan President Maduro's Government Filing A Claim To Force The Bank Of England To Hand Over $1 Billion Of Gold
Venezuela files legal claim with Bank of England over gold -- BBC
Venezuela in bid to force Bank of England to transfer $1bn of gold -- The Guardian/Reuters
Venezuela Takes Bank Of England To Court Over $1 Billion Gold Stash -- Forbes
Venezuela files claim for the Bank of England to hand over $1.5bn of its gold -- ABC News Online
