Bank of England to partially unblock Venezuelan gold... but there's a condition

The Bank of England froze Venezuela's gold reserves in 2018 after the UK ceased recognising Nicolas Maduro's government.

The president was abducted by the US this year, and now the bank has agreed to release the gold to pay for earthquake reconstruction. However, Washington has imposed conditions — requiring the funds to be placed in its Treasury accounts and made subject to an international expense audit.

For more on this, we speak to former IMF Executive Director Paulo Nogueira Batista Jr.