The Welsh education minister Labour's Leighton Andrews had already raised concerns with Ofqual about the English GCSE before the grades were formally received by schools and had the power to intervene.

BBC: Q&A: GCSE English fiasco

Yes, people received dollars in return for their holdings of the yellow metal, but the dollar itself was formally devalued by 40%.

FORBES: Why A Cyprus-Like Seizure Of Your Money Could Happen Here