Venezuelan gold reserves exceed 360 tons
thursday, 04 of 2010 of marzo

04 of March 2010, 15:41 Caracas, Mar 4 (Prensa Latina) The gold reserves of Venezuela came to 364 tons, which places the country in the world place 12, informed the Central Bank of Venezuela (BCV) .

According to the official management of the Reserves Management Jesus Arvelo, the actual amount is higher than the reported three tons in 2009.

Gold is the second largest component of our reserves, the first are the currencies, primarily dollars, explained in the "Seminar for journalists on gold."

Regarding the distribution of so-called monetary gold, Arvelo said that is divided into three elements.

We in the U.S. currency reserves, as Eagle and Liberty, which date from the founding of the BCV in 1940, Fed Bar Melted Bars and other quality Good Delivery, explained.

According to him, the first two types are in the BCV vaults, while the third is kept in the UK and other countries.

Good Delivery bars are deposited on the outside because they generate interest and are for investment, he said.

Venezuela has international reserves at around 16 billion dollars in gold, about mitas the total, said Thursday the president of the BCV, Nelson Merentes.

In 2009, stocks closed above the 36 thousand 500 million dollars, an amount that gives a good margin to the national economy to deal with the financial crisis.

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