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.
Read more ....
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
5 comments:
" with 10 deaths nationwide"
Well I guess that is game set and match. Venezuela is done. Stick a fork in it.
Granny is no longer on garbage pick up and gramps is no longer driving the bus. Country plumb came to a standstill.
Sad.
He needs to consolidate his legitimate leadership before he gets anything.
Maduro...the Erdogan of South America.
All politics aside, if its their money they should have it. Can you imagine a bank saying that you cannot have your dosh? 😲
Unknown,
I agree to an extent.
But the money belongs to the Venezuelan people not to the government de jure and certainly not to an illegitimate government.
The Maduro government is 100% illegit. That said American election are 30% to 60% illegit. We have not murdered candidates yet like in Russia, but we are getting close. We are trying to railroad and jail them.
In populace states like Pennsylvania you cannot do simple database work like compare database, the Social Security death list and voter rolls. Democrats need a large work area and smoke and confusion to rig elections.
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