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.

The bank won't give details on its strategy or the amount of dollars in its reserves, which total about $36 billion, Armando Leon, a bank director, said alongside Parra in an interview with the state television channel. The central bank started its diversification pl