ESPACIO PUBLICITARIO
CARACAS, Monday February 08, 2010 | Update
 
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Economy
BCV bids USD 40 million in exchange bonds
  EL UNIVERSAL
Monday February 08, 2010  01:54 PM


The Central Bank of Venezuela (BCV) convened a sixth action of zero coupon Venezuelan exchange bonds amounting to USD 40 million.

The financial institution, which issues the Venezuelan Exchange Bonds, set at 112 percent the price of the bonds maturing in 90 days, Reuters reported.

The bids were received on Monday between 10.30 a. m. and 11.30 a. m.

The BCV is offering these new bonds to lower the pressure on the unofficial exchange market and the US dollar trading, following the devaluation of the Venezuelan bolivar on January 8, when the government resolved to set up a dual exchange rate.

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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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