Total reserves stood at USD 38.7 billion as of December 3rd, versus USD 40.4 billion on October 30th
Venezuela's international reserves fell 4.3 percent, that
is, USD 1.75 billion, during the past five weeks, accompanied
by a severe drop of the country's oil revenues, amidst exchange
control.
Total reserves stood at USD 38.7 billion as of December 3rd,
versus USD 40.4 billion on October 30th, when they hit their
highest historical value, according to the numbers provided
by the Central Bank of Venezuela (BCV).
The amount includes USD 828 million of a petroleum contingency
fund that has remained unchanged since the end of October
at USD 828 million, Reuters reported.
Venezuelan oil has plunged almost USD 90 from more than USD
126 / barrel in July, to USD 39.59 last week. The annual average
price is USD 92.76.
In addition, the reserves probably reflect buying back of
the foreign debt gradually made by the Venezuelan government
some weeks ago for about USD 800 million.
Dossier
Loose ends
Two years later, subsequent to the bank interventions that affected 14 private institutions, Public Prosecutor Office maintains investigations open, these concern the public funds that ended up at some of those organisms and were utilized in shady financial operations, this is included among the accusations held by the Public Ministry against some bankers.
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