Venezuela launches London appeal in battle for $1 billion in gold


  • World
  • Wednesday, 23 Sep 2020

FILE PHOTO: A woman walks outside of the Venezuela's Central Bank in Caracas, Venezuela, January 31, 2018. REUTERS/Marco Bello

LONDON (Reuters) - The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion (£785.21 billion) of gold reserves held in the Bank of England's underground vaults.

The Banco Central de Venezuela (BCV) board controlled by the Maduro government is challenging a High Court ruling in July that the UK government "unequivocally" recognised opposition leader Juan Guaido as the interim president, therefore giving him control over the gold.

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