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Message: Venezuelan Money Reserves Increase (again and again)

Venezuelan Money Reserves Increase (again and again)

posted on Jun 28, 2008 04:38AM

The presses are running. Money supply up .8% this week and 6.34% in the previous period. Inflation controlled? LOL

Caracas, Jun 27 (Prensa Latina) The international monetary reserves of Venezuela were increased during the last seven days in about 268 million dollars, confirmed a report of the Central Bank (BCV) Friday.

The financial inventory reached the figure of 33. 802 billion dollars, of which 821 millions are located in the Fund of Macroeconomic Stabilization, created to palliate eventual contingencies of the national industry.

Venezuela maintains a privileged position regarding the level of its international reserves when comparing official indicators of other Latin American countries of Latin America and dividing them for the respective number of citizens.

The current remnant, with regard to the amount of inhabitants of the nation (27 million people), it represents an average level of 1,250 dollars for each inhabitant.

On Friday June 20, the BCV informed a catalog of 33.534 billion dollar and an increase of 1.89 billion dollars regarding the previous cycle.

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