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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Venezuela’s liquid forex reserves fall to lowest level in nine years

Posted on 23 December 2010

From Eluniversal.com: According to data provided by the Central Bank of Venezuela (BCV), liquid external assets, that is, US dollars deposited in bank accounts or in foreign currency instruments that are immediately available to cover imports, pay debt and meet the demand of foreign currency, have plummeted.
At the end of the third quarter of 2010, liquid foreign exchange reserves amounted to USD 9.8 billion, a 42 percent fall compared to the same period in 2009 and a 65 percent decline versus the same period in 2008……………………………………….Full Article: Source


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