Venezuela in bid to force Bank of England to transfer $1bn of gold

Legal claim launched to help fund Covid-19 response in South American country

Venezuela’s central bank has made a legal claim to try to force the Bank of England to hand over £930m ($1.13bn) of gold so the government of Nicolás Maduro can fund its coronavirus response, according to the document submitted in a London court.

The claim follows a request Venezuela made to the Bank in April to sell part of its gold reserves there and send the proceeds to the United Nations to help with the country’s coronavirus-fighting efforts.

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