(Bloomberg) — Venezuela’s central bank sued the Bank of England for access to $1 billion in gold reserves to combat the coronavirus.The Venezuelan bank asked the BOE to liquidate the gold and send the funds to the United Nations Development Programme (UNDP), which is working with the country to prepare for an increase in Covid-19 cases, Zaiwalla & Co., a London law firm representing Venezuela, said Wednesday in a statement.While the coronavirus pandemic adds a dramatic new twist to the dispute, the lawsuit is part of a long-running fight over the funds related to American efforts to cut off President …read more
Source:: Yahoo Finance
