Bank of England refuses Maduro to pull $ 1.2 billion in Gold

Baku. 26 January. REPORT.AZ / Bank of England refused Venezuelan President Nicolas Maduro to pull gold bars worth 1.2 billion US dollars. Report informs that the due information provided by Bloomberg referring to the sources.

According to one source, bank’s decision to deny Maduro officials’ withdrawal request comes after top U.S. officials, including Secretary of State Michael Pompeo and National Security Adviser John Bolton, lobbied their U.K. counterparts to help cut off the regime from its overseas assets, according to one of the people, who asked not to be identified.

According to Bloomberg, The $1.2 billion of gold is a big chunk of the $8 billion in foreign reserves held by the Venezuelan central bank. The whereabouts of the rest of them is largely unknown.