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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Venezuela: International reserves up 2.56 percent to USD 29.9 billion

Posted on 26 June 2009

From Eluniversal.com: Venezuela’s international reserves stood at USD 29.99 billion, by Monday this week, for an increase of 2.56 percent, (USD 750 million) compared to May 22, when it reached USD 29.24 billion, the Central Bank of Venezuela (BCV) reported.

The total amount includes USD 29.16 billion deposited in the BCV and USD 829 million in the Macroeconomic Stabilization Fund (FEM), set up in 1998 and aimed at maintaining the necessary fiscal, monetary and exchange rate balance despite major fluctuations of the Venezuelan oil revenues……..Full Article: Source


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