Venezuela's Chavez calls for law on reserves

Venezuelan President Hugo Chavez has called for new legislation to limit the amount of foreign reserves that can be held by the central bank.

Chavez said during his weekly television program that he would use the surplus to bolster social programs for Venezuela's poor majority and create jobs by investing in agricultural and infrastructure.

"We are going to have to make a law," Chavez said Sunday. "I've asked the National Assembly, we will do it within the economic cabinet to put a cap" on the

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