Post category : Business and Finance News

Venezuelan reserves increased $ 329 million


Venezuela’s foreign exchange reserves increased 329 million dollars from the report Tuesday, which reached 32 thousand 549 million, reported Wednesday the central bank.

Of that total, 31 thousand 719 million are in the entity responsible for monetary policy and $ 830 million for the Macroeconomic Stabilization Fund, a mechanism created to ensure the economic balance in the event of declining oil revenues.

The level reported today Redivisas comfortably exceeds the considered optimal by the government (30 billion).

Venezuela closed 2009 with 36 thousand 536 million dollars, an amount that represents one of the strengths of the economic management of the executive.

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