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The Bank of England has gold from Venezuela.
The Bank of England has $1 billion of gold in its vaults, but the UK Supreme Court prevented the president of Venezuela from getting it.
The cash will be used to fight Covid-19.
The UK considers Juan Guaid to be the legitimate leader of Venezuela, and the Supreme Court overturned a previous Court of Appeal ruling.
In practice, the UK deals with the Maduro administration.
Two different sets of governors have been appointed to the central bank.
The BoE has gold in its vaults and Mr Guaid wants it to stay there.
The BoE has been sued by Mr. Maduro, who is in control of the government, military and police.
In May of last year, Mr. Maduro was re-elected to a second six-year term, despite the fact that most opposition parties boycotted the polls.
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What motivates someone to walk across South America?
He claims that the money will be used to buy medical supplies for the fight against the Pandemic.
His critics have blamed him for the economic crisis in Venezuela, where millions of people need aid due to collapsing public services, soaring unemployment and a devalued local currency.
They claim that Mr Maduro will use the funds to pay off his foreign allies.
The US, UK, European Union, Canada, Switzerland, Panama and Mexico have all imposed sanctions on Venezuela over corruption, human rights violations and the suppression of democracy.
The UK High Court judgement that the UK government's recognition of Mr Guaid as Venezuela's acting president was clear and unambiguous was overturned by the Court of Appeal.
The Supreme Court said that the Court of Appeal ruling was "misplaced" because all British courts needed to accept that Mr. Maduro was not the president.
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The Transition Statute allows Juan Guaido to appoint central bank officials.
The Commercial Court has been asked to consider whether or not Mr. Guaid has been recognised as Venezuela's head of state by the UK government.
Juan Guaid declared himself interim president in January after citing the Transition Statute, which calls for the leader of the National Assembly to step in.
He has been using these laws to appoint central bank officials, which is against the law in Venezuela.
Mr Guaid said that he and his appointees would "continue to be dedicated to the constitutional duty to protect the assets of the Republic for future generations".
The lawyer representing Venezuela's central bank in London said that he would like to show that the Board of the BCV in Venezuela is the only valid authority.
