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Reuters
4 minute read
Venezuela s opposition leader Juan Guaido addresses the media, in Caracas, Venezuela April 9, 2021. REUTERS/Manaure Quintero/File Photo
LONDON, July 19 (Reuters) - The British government reiterated on Monday that it recognises opposition figure Juan Guaido as Venezuela s president, a move aimed at quashing a bid by the Nicolas Maduro-backed Venezuelan central bank to repatriate nearly $1 billion of its gold stored in London.
Legal teams representing Maduro and Guaido will be at the UK Supreme Court on Monday in the latest stage of a long-running tug-of-war over what amounts to about 15% of Venezuelaâs foreign currency reserves.
Lawyers representing the central bank say selling the gold would fund the response to the coronavirus pandemic and bolster a health system gutted by more than six years of economic crisis.
FILE PHOTO: Venezuela s opposition leader Juan Guaido addresses the media, in Caracas, Venezuela April 9, 2021. REUTERS/Manaure Quintero/File Photo
LONDON (Reuters) - The British government reiterated on Monday that it recognises opposition figure Juan Guaido as Venezuela s president, a move aimed at quashing a bid by the Nicolas Maduro-backed Venezuelan central bank to repatriate nearly $1 billion of its gold stored in London.
Legal teams representing Maduro and Guaido will be at the UK Supreme Court on Monday in the latest stage of a long-running tug-of-war over what amounts to about 15% of Venezuela’s foreign currency reserves.
Lawyers representing the central bank say selling the gold would fund the response to the coronavirus pandemic and bolster a health system gutted by more than six years of economic crisis.
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