The Bank of England has frozen $1.56 billion of Venezuela's gold reserves as regime debate escalates

[TomSea]

The Bank of England has frozen $1.56 billion of Venezuela's gold reserves as regime debate escalates
Callum Burroughs

The Bank of England has reportedly frozen £1.2 billion ($1.56 billion) of the gold reserves it holds for the Venezuelan regime just days after the UK and other European leaders recognised Juan Gaudió as the country's leader.

Venezuela has been crippled by high levels of poverty and inflation under Nicolas Maduro's government, which has been aggressively selling its gold reserves to raise funds.

A number of countries, including the US, have now called for regime change in Venezuela as the economic situation.

Read more at: https://www.businessinsider.com/venezuela-gold-reserves-frozen-by-bank-of-englandf-2019-2

Presidents, especially it seems in South America and perhaps Africa too, historically speaking have been known to pillage the countries' treasures. In Latin America, it has almost been a cliche.

Different source but this story was first posted a few days ago. It's significant if those in power are, really, taking billions from the people.

[Fishrrman]

At least somewhere, someone is doing something right...