London court blocks Venezuelan government from using gold

Lawyers for Maduro regime say they will appeal over access to $1 billion store

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Venezuela’s government cannot sell the $1 billion of the country’s gold reserves stored in the Bank of England, a London court ruled on July 2.

Mr Justice Teare, sitting in the High Court of England and Wales, issued the ruling after a four-day hearing last week, news agencies reported. The judge ruled that the regime led by Nicolas Maduro, Venezuela’s president, was not the country’s legitimate government and had no right to the gold. He supported the view of the British government that

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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