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NEU Senior Regional Support Officer
Bank of England slammed for denying Venezuela its own gold reserves during Covid-19 pandemic
The Bank of England

VENEZUELAN rights campaigners in Britain backed Caracas’s claims yesterday that the Bank of England (BoE) is infringing on human rights by denying the South American nation access to its own gold reserves.

Legal representatives of the Central Bank of Venezuela (BCV) said on Monday that the BoE was “putting lives at risk” by refusing to release around $1.13 billion (£895,000) of gold reserves, which the country could use to fight the health emergency precipitated by Covid-19.

Venezuela is seeking a court order for the urgent release of about $930 million (£736m), which would be transferred directly to the United Nations Development Programme (UNDP) in order to acquire healthcare equipment, medicine and food.

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