INSUBCONTINENT EXCLUSIVE:
legitimacy.Colin Dick, newly appointed this month, was Commissioner for Barbados and the Caribbean from 2013-2017 and later acted as
director of the UK Department for Exiting the European Union from 2017-2019.Venezuela and Britain seek closer ties amid gold dispute
(Photo Internet reproduction)He arrived in Caracas after the London Court of Appeal rejected a Central Bank of Venezuela (BCV) appeal two
months ago.The appeal opposed a July 29, 2022, ruling that gave authority over the Bank of England deposited gold to an opposition-appointed
intends to initiate a new lawsuit in the High Court.The dispute encompasses access to US$1.95 billion in Venezuelan gold reserves at the
Bank of England and an additional US$120 million from a Deutsche Bank transaction.This ongoing legal battle has significant implications for
the Venezuelan economy, which has been struggling under the weight of international sanctions, hyperinflation, and a severe humanitarian
crisis.The gold reserves in question are a crucial asset for the Maduro government, which has been seeking access to them to alleviate the
economic crisis in the country.
