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Venezuela will appeal the Bank of England’s gold reserves decision because they are “absurd and unusual.”

The Central Bank of Venezuela (BCV) has received judicial approval this Friday to appeal the Bank of England’s (BoE) decision on its gold reserves as “absurd and unusual” after the judgment granted control of the gold bar, the self-proclaimed “responsible president” Juan Guaidó.

BCV lawyers have reported that they will appeal this decision because the judge was unaware of “the reality on the ground.” “It is incredibly rare for a trial judge to be allowed to appeal against his own trial, and we are pleased that we have been granted a limited appeal,” said lawyer Sarosh Zaiwalla.

The Venezuelan authorities believe the intention is to deprive citizens of the resources necessary to deal with the coronavirus pandemic, according to the Venezuelan television chain.

Venezuela will appeal the Bank of England’s gold reserves decision because they are “absurd and unusual.”
Venezuela will appeal the Bank of England’s gold reserves decision because they are “absurd and unusual.”

Venezuelan President Nicolás Maduro has called for a criminal investigation to be launched against those involved in the “theft” of BCV gold deposited with the Bank of England. “President Nicolás Maduro (…) has asked the Venezuelan judicial authorities to launch an investigation into those involved in the theft of all Venezuelan resources,” said Vice President Delcy Rodríguez.

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