Venezuela’s Central Bank has launched legal action to force the Bank of England to release more than $1 billion in gold held in its coffers to battle the Covid-19 outbreak, according to Reuters.
The claim, submitted in a London court on May 14, says that Caracas needs the gold back to buy healthcare equipment, medicine, and food to address the “COVID-19 emergency” in the country, the document seen by Reuters said. Once it is sold by the Bank of England (BoE), the funds are transferred to the United Nations Development Programme.
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