Bank of England kept gold reserves from Venezuelan government, reports say

Bank of England and Stock Exchange
Rachael King

Several news agencies have reported that the Bank of England prevented the Venezuelan government from gaining access to $1.2 billion in gold reserves following a request from US authorities.

The BoE has not commented on the request. “The Bank of England provides banking services – including gold custody services – to a large number of customers. The Bank does not comment on any of those relationships, which are subject to customer confidentiality,” a BoE spokesperson told Central Banking. “In

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