Friday, June 27, 2008

Venezuelan Money Reserves Increase

The international monetary reserves of Venezuela were increased during the last seven days in about 268 million dollars, confirmed a report of the Central Bank (BCV) Friday. The financial inventory reached the figure of 33. 802 billion dollars, of which 821 millions are located in the Fund of Macroeconomic Stabilization, created to palliate eventual contingencies of the national industry. Venezuela maintains a privileged position regarding the level of its international reserves when comparing official indicators of other Latin American countries of Latin America and dividing them for the respective number of citizens. The current remnant, with regard to the amount of inhabitants of the nation (27 million people), it represents an average level of 1,250 dollars for each inhabitant. On Friday June 20, the BCV informed a catalog of 33.534 billion dollar and an increase of 1.89 billion dollars regarding the previous cycle.

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