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July 30, 2022
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BCV will appeal English decision to keep Venezuelan gold withheld

BCV will appeal English decision to keep Venezuelan gold withheld

The Central Bank of Venezuela (BCV) will resort to all the corresponding international legal actions after the retention of Venezuelan gold by the United Kingdom.

Through a statement, the BCV rejected the pronouncement of the british courtwho insisted on denying this Friday the Venezuelan State’s request for access to the Republic’s gold reserves that have been held in the Bank of England since 2019.

“The Central Bank of Venezuela rejects the unusual pronouncement of a British court, which once again, subordinated to the foreign policy decisions of the British Crown, undermines the legitimate powers of administration of the international reserves of the Bolivarian Republic of Venezuela , which, constitutionally and legally, must be exercised by the Central Bank of Venezuela,” the statement said.

For the financial organization, this judicial decision violates the constitutional and legal order of Venezuela, as well as the International Rule of Law, by ignoring the legitimate authorities of the BCV with the aim of “justifying the criminal network that allows the misappropriation of international reserves ».

In the text the BCV He described the British foreign policy as “extremely serious”, which would generate serious damage to the interests of the people of Venezuela.

“The Bank of England, violating the entire international investment system, and due delegated custody, has shown at all times its complacency with these unlawful devices to benefit from the misappropriation of Venezuelan gold, causing enormous damage that continues to of the letter the submissive and non-existent justice of those English courts, ”points out the text.

Given this situation, the BCV “reserves all legal actions at its disposal to appeal this unusual and disastrous decision in defense of gold, the patrimony of the Venezuelan people, and will continue to denounce that these stratagems of British foreign policy and its submissive courts do not It will go down in history without true justice in accordance with the international rule of law so battered by the hegemonic powers.”

Despite the fact that the decision denied the Venezuelan State access to gold reserves, the team of the former opposition deputy was not authorized Guaido to access them, even when the board of directors appointed by the self-proclaimed interim president is considered valid.

However, it is expected that another hearing will determine whether they will be able to dispose of the precious metal.

Venezuelan gold reserves, valued at 1,600 million euros, remain confiscated in the United Kingdom after the self-proclamation of Juan Guaidó as interim president of Venezuela.



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