Regional News • Americas • South America
2020-05-20T16:06:33+00:00

Venezuela tries to get $1 billion in gold from it's reserves stored with the Bank of England

The central bank of Venezuela has filed a lawsuit against the Bank of England in order to get its hands on gold reserves worth over $1 billion in order to combat the Covid-19 pandemic in the country. Venezuela wants to sell the gold reserves and then transfer the proceeds to the United Nations Development Programme in order to circumvent the US sanctions and get the country funds in order to fight the Covid-19 pandemic.

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