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.

"The first US$3 billion have been transferred into the fund already," Finance Minister Nelson Merentes told reporters during an event marking the creation of the so-called National Development Fund.

The fund is expected to receive money from the central bank's reserves every year.

Central bank officials are expec

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: