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Venezuela

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.

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.

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.

Chavez calls for BCV president's resignation

Venezuelan president Hugo Chavez called on Diego Castellanos, president of the country's central bank, to step down from his post as the row over the distribution of the central bank's reserves continues.

The fight over Venezuela's central bank profits

Last weekend Venezuela's President Chavez once again attacked the central bank over the amount of "foreign exchange profits" it should turn over to the government. With Chavez threatening to go to the Supreme Court on the issue, this article suggests the…

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