The UK’s High Court is set decide this week on the fate of Venezuela’s gold held by the Bank of England, with the Venezuelan government and the opposition fighting for the overseas bullion reserves.
Venezuela’s central bank wants the country’s gold back to battle the coronavirus outbreak, by selling it to buy medicine and equipment, as the number of infections in the country rises. Last month, it filed a claim demanding that London release more than $1 billion in gold to address the emergency situation.
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