July 17, 2006
Venezuelan international reserves skyrocket

(El Universal) - "Foreign reserves totaled USD 31.6 billion, as stated in a report from the Ministry of Finance.

Out of this amount, USD 31.8 billion is part of the reserves at the Venezuelan Central Bank (BCV), and USD 750 million is under the Macro-Economic Stabilization Fund (FEM), official news agency ABN reported.

The report stressed also the upward trend in most Venezuelan sovereign bonds.

Further, Venezuela's risk indicator (Emerging Markets Bond Index Plus, EMBI+) stood at 221 basic points with no variations with the prior quotation".