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Juan Guaido asked British authorities to stop Maduro gaining access to gold reserves

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Caracas. Venezuelan opposition leader and self-declared president Juan Guaido has asked British authorities to stop President Nicolas Maduro gaining access to gold reserves held in the Bank of England, according to letters released by his party on Sunday.

Maduro has been disavowed by a broad group of Western nations and Latin American neighbours that accuse him of undermining democracy, and a growing number of countries have recognised Guaido as legitimate interim leader of the troubled OPEC nation.

Since last year Maduro’s government has been trying to repatriate gold from the Bank of England, fearing it could be caught up in international sanctions against his administration.

Those holdings jumped to around $1.3 billion after Venezuela’s central bank closed out a gold swap deal with Deutsche Bank, sources told Reuters last week.

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