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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Venezuela’s international reserves fall

Posted on 26 August 2010

From Ahora.cu: Venezuela’s foreign currency reserves fell by $223 million to $28,476 million, slightly below the level considered optimal by the government (30 billion dollars), reported the Central Bank.
Of the total international reserves, $27,645 million are in the entity responsible for monetary policy and $831 million in the Macroeconomic Stabilization Fund, a mechanism created to ensure balance in case of low oil revenues……………………………………….Full Article: Source


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