Report: Bank of England blocks Maduro’s $1.2B gold withdrawal

Editor | January 27, 2019 | World | No Comments

London (CNN)The Bank of England has blocked Nicolas Maduro’s officials from withdrawing $1.2 billion worth of gold, Bloomberg reported, dealing a further blow to the embattled Venezuelan President as he tries to salvage his authority.

According to the report, which cites unnamed people familiar with the matter, the gold is a significant part of the $8 billion in foreign reserves held by the Venezuelan central bank.

CNN has not been able to independently verify the report and is attempting to get a response from Maduro’s officials.