Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

in #gold4 years ago

Caracas has won the right to file a court appeal on the decision of the English High Court, which blocked the Maduro government from getting back $1 billion in gold held by the Bank of England.

Earlier this month, British judges said that they recognize self-proclaimed leader Juan Guaido and not Nicolas Maduro as Venezuela’s president. The decision was crucial for the long legal battle for the country’s bullion reserves stored in London, as both the Venezuelan government and opposition laid claim to the gold stockpile.

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And now when they need it most to start rebuilding their failing currency I can’t imagine how they are going to continue on other than going into bitcoin