Success for Guaidó: No Gold for Maduro

The Regime of Venezuela's power, Nicolás Maduro, has suffered from the British High Court in London, a mere and fails with the desire to have Gold for a billio

Success for Guaidó: No Gold for Maduro

The Regime of Venezuela's power, Nicolás Maduro, has suffered from the British High Court in London, a mere and fails with the desire to have Gold for a billion dollars. The Maduro-faithful-encrusted Central Bank in Caracas had asked the British Central Bank, there are stored Venezuelan Gold to be delivered.

Philip Plickert

economic correspondent based in London.

F. A. Z.

The judge of the Hight Court stated on Thursday, however, that is not Maduro, but the leader of the opposition, Juan Guaidó of Britain as the rightful President of the Latin American crisis-hit country will be recognized. Guaidós Ambassador in London and Vanessa Neumann, spoke of a "tremendous victory". The judgment was a "victory for the Venezuelan people".

The Bank of England holds in its vaults the Gold of the Central Bank of Venezuela to a value of about 1.8 billion dollars. A total of about 400,000 Gold bars stored in its vaults, in the amount of 200 billion dollars – that is, according to the New York Federal Reserve is the second largest Gold Depository in the world.

the International monetary Fund rejects credit

Guaidó had warned the British, Maduro the Gold to hand over, because that torture would be "funded". Maduro is a dictator. The Spanish foreign Ministry confirmed just before the start of the process his Position that the presidential election in Venezuela to 2018, "was not free, fair and credible". In fact, Maduro has been switched off step-by-step the Opposition.

The of his socialist party for two decades ruled the oil-rich country in the past five years, deeper and deeper into a catastrophic economic crisis, slid which has led to a supply - and hunger crisis and to the Emigration of some 5 million desperate citizens.

Updated Date: 02 July 2020, 12:20

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