Venezuela seeks return of 31 tonnes of gold worth €4bn from Bank of England - Euronews.com
Venezuela seeks return of 31 tonnes of gold worth €4bn from Bank of England - Euronews.com
Source: Euronews.com
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DW NOTE
The Bank of England has held Venezuela's gold since 2018, when it refused to release reserves to Nicolás Maduro's government — recognising instead Juan Guaidó's parallel administration. Guaidó's interim government dissolved in 2023. The UK courts are now deciding who gets €4 billion in bullion based on which Venezuelan politician they preferred eight years ago. This is what reserve asset sovereignty looks like under the dollar system: your gold sits in London until British judges approve your politics.