The Central Bank of Venezuela (BCV) celebrated this Monday the decision taken by the UK Justice, in the case of the 31 tons of gold retained by the Bank of England.
In a communique, the financial institution indicated that this decision allows Venezuela «to access a part of the gold reserves of the Republic that are deposited in that financial institution”.
Earlier, an appeal court in London, England, on Monday annulled a previous judicial decision that last July granted the Congressman in contempt of court, Juan Guaidó, the possibility of having control over the 31 tons of gold of the Venezuelan State retained in the Bank of England, valued at about one billion dollars.
The judges revoked the ruling on Monday, considering ambiguous the statement of then British Foreign Minister Jeremy Hunt, who in February 2019 recognized the sworn-in Guaidó as the supposed «interim president of Venezuela.
Following, the full text:
“The Central Bank of Venezuela (BCV) welcomes the decision adopted today by the Court of Appeal of England, within the framework of the judicial claim filed by this entity against the Bank of England, for the purpose of accessing a part of the gold reserves of the Republic that are deposited in that financial institution.
With this pronouncement, the Court of Appeal dismissed the unusual decision issued by the judge of instance on July 2, 2020, which pretended to disregard the legitimate authorities of the Central Bank of Venezuela and the inalienable rights of the institution over the assets of the Republic, under the custody of the Bank of England.
The Venezuelan Central Bank is confident that the investigation ordered by the Court of Appeal in its decision will confirm the arguments made during the judicial process and, likewise, will allow the re-establishment of the legality broken as a result of the refusal of the Bank of England to execute the instructions issued by the BCV on the transfer of resources for humanitarian purposes, so necessary to respond to the COVID-19 pandemic in coordination with the United Nations Development Program (UNDP).
The Central Bank of Venezuela reaffirms that it will continue to exercise all actions and resources necessary to safeguard the international sovereign reserves and the sacred patrimony of the Republic, which belong to the people of Venezuela, within the framework of its competencies and in strict application of the Constitution and the laws of the Republic, as well as in defense of International Public Law”.
Caracas, October 5, 2020