Venezuela
Colombia will benefit from free trade with US
Juan Mauricio Ramirez, a vice president of the Private Council of Competitiveness and a former head of the inflation and macroeconomic programming department at the Banco de la Republica, takes issue with Joseph Stiglitz's views on the proposed Free…
Chavez takes control of Venezuelan Central Bank
The Venezuelan government has regained control of the central bank following a parliamentary vote on Wednesday.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
Rates tumble in Venezuela
Overnight lending rates in Venezuela fell sharply last Thursday, after the country's central bank resumed injecting cash into the financial system, a week after it had suspended the practice.
Venezuela set to publicise new currency
The Venezuelan Central Bank will launch a nationwide campaign to familiarise consumers with its new notes and coins, which will come into circulation at the start of next year.
Venezuela launches two-pronged inflation attack
Venezuela's central bank is raising interest rates and reserve requirements for banks in an effort to stem inflation. "These measures seek to provide incentives for national saving and adjust liquidity levels, with the goal of growing in a more stable…
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
Venezuela speeding reserve diversification
Venezuela will speed up plans to pare holdings of dollars in its international reserves to reduce the nation's dependence on the world's most widely held currency, central bank president Gaston Parra said on TV Wednesday 7 March.
Chavez to implement anti-inflation plan
Venezuela's president Hugo Chavez' Government is preparing a plan to fight inflation, to prevent it from exceeding 12 percent this year, according to minister of finance Rodrigo Cabezas.
Chavez set to receive decree powers Wednesday
Venezuela's Congress has delayed by a day its vote to give president Hugo Chavez decree powers enabling him to nationalise oil and utility assets and strip the central bank of its autonomy.
Venezuela plans using reserves to nationalize
This article from Bloomberg, published Thursday 11 January, looks at the recent decision to use Venezuela's international reserves to compensate owners of the telephone, oil and power companies under President Hugo Chavez's plans to nationalize.
Zavala says BCV autonomy vital
Central Bank of Venezuela (BCV) director Domingo Maza Zavala said in an interview he is certain that the institution needs to be autonomous in order to operate properly.
Outgoing fin min Merentes may join BCV board
Venezuela's outgoing Finance Minister Nelson Merentes said Thursday 4 January that he will join the board of the Venezuelan Central Bank (BCV), Reuters reported. However, no appointment has been made official yet.
Parra says Venezuelan inflation may exceed target
The president of Venezuela's central bank, Gaston Parra, has said inflation is likely to end the year about 4 percentage points above the government's target range of 10 percent to 12 percent.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Venezuela monetary reform pondered
A likely monetary reform in Venezuela is subject to a decision by the Central Bank of Venezuela (BCV), said the National Assembly Finance Committee president Rodrigo Cabezas.
Chavez demands more BCV reserves
President Hugo Chavez' government has asked the Central Bank of Venezuela (BCV) for a new transfer of surplus official reserves to the executive branch.
Venezuela sees reserves up by 25 percent
Venezuela closed the 2005 fiscal year with foreign reserves above US$ 30.3 billion, the third highest in Latin America, according to a report authored by Aristimuo Herrera & Asociados.
Argentina sells bonds to Venezuela
Argentina sold $496 million in bonds to Venezuela to help boost its international reserves as it prepares to pay back the $9.8 billion it owes the International Monetary Fund.
Venezuela's Chavez plans $5 bn reserves spend
Venezuelan President Hugo Chavez said in a TV broadcast that he plans to take an additional $5 billion in reserves from the central bank next year in order to boost spending on various projects.
Comment: Venezuela's reserves
The Central Bank of Venezuela last week confirmed that it had liquidated more than half of its operational reserves and deposited the funds at the Bank for International Settlements (BIS).
Venezuela transfers $20 bn reserves to BIS
Venezuela has transferred $20 billion worth of its reserves to the Bank for International Settlements in Switzerland, Venezuela's central bank director Domingo Maza Zavala was quoted as saying, confirming comments by President Hugo Chavez last week.
Chavez says foreign reserves shifted to Europe
Venezuela has moved its central bank foreign reserves out of US banks, liquidated its investments in US Treasury securities and placed the funds in Europe, Venezuelan President Hugo Chavez said on Friday 30 September.
Venezuela central bank transfers US$3bn
Venezuela's central bank has transferred US$3 billion of its foreign exchange reserves to a newly created fund to support public projects, the finance minister said Friday 23 September.