Controversial Venezuelan Gold worth 1.8 billion USD in Tresors of the Bank of England remains uncertain after the dissolution of the transitional government - News - News - News

The status of the Venezuelan Gold, which is currently held by the Bank of England, could get into the regulatory suspension after the interim government of Juan Guaido has been dissolved. The 31 tons of gold have been the subject of disputes between the current President Nicolas Maduro and Juan Guaido since 2019 when Guaido integrated a parallel government.

Status of the Venezuelan Gold in the Bank of England uncertain

The status of the Venezuelan Gold treasure, which is guarded in the safe of the Bank of England in London, is uncertain after the country's temporary government was dissolved. The 31 tons of gold (1.02 million foul) worth more than $ 1.85 billion were contested by the two governments of the country, one of which was led by Nicolas Maduro and the other by Interim President Juan Guaido, who started a provisional government in 2019 after he had contested the legality of the presidential election.

While British dishes had done this decided in favor of Guaido in July, the dissolution of the government, which was carried out in a meeting of the legislative assembly in 2015, causes doubts about the possible future of this gold and other Venezuelan offshore, whereby some legislators claim that this could open the doors to have a valid claim to them.

The MP Freddy Guevara indicated this opportunity during the session. He :

There was no prior consultation with the international community about the recognition of this reform. They made it clear to us abroad that this reform is not guaranteed to protect foreign assets. How is it possible to jump into the void?

72 MPs voted for the dissolution of the transitional government, 29 were against it, eight MPs contained.

protective measures

While the transitional government was dissolved, the parallel legislative assembly formed a board and wealth protection, which would have the task of protecting and organizing Venezuelan property and companies abroad. The board, which will consist of five members, will have far -reaching powers to deal with these tasks, supported by the legality of the assembly.

This structure is new and does not occur in any of the 52 processes all over the world, in which more than $ 40 billion are disputed between the two governments. MP Juan Miguel Matheus criticized this idea and explained that these assets were not in danger because they were under the care of governments that support the "democratic struggle" that the Venezuelan people currently lead.

However, this brought violent criticism from other MPs who argued that the transitional government was the only guarantee for the recovery of these assets due to international recognition.

What do you think about the future of the 31 tons of Venezuelan gold in Great Britain? Tell us in the comment area below.

Sergio Göschenko

sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late in the game and entered the cryptosphere when the price increase took place in December 2017. He has a background as a computer engineer, lives in Venezuela and is affected by the cryptocurrency boom on a social level. It offers a different perspective on the crypto success and how it helps those who have no bank account and are under-supplied.

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