Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Venezuela Might Move a Part of its Monetary Reserves into Russia
17.08.2011 15:25
Venezuela Might Move a Part of its Monetary Reserves into Russia

Venezuela plans to transfer billions of dollars in cash reserves from European and U.S. banks to banks in Russia, China and Brazil. This was announced by Julio Montoya, a National Assembly deputy, in an interview with Globovision television.

      
“We think that China, Russia and Brazil have asked Venezuela to transfer the reserves to guarantee the loans that the government has received in recent years,” Montoya said. President Hugo Chavez has not approved the planyet.

      
The planned moves would include transferring $6.3 billion in cash reserves, most of which Venezuela now keeps in banks such as the Bank for International Settlements in Basel, Switzerland, and Barclays Bank in London. Venezuela also plans to move 211 tons of gold it keeps abroad and values at $11 billion to the vaults of the Venezuelan Central Bank in Caracas where the government keeps its remaining 154 tons of bullion.

      

www.forbes.ru  www.reuters.com


Author: Irina Fomina

Tags: Russian business Russian banks Russia   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Varvarka Street  Visa   Painting  Alexander Ivanov  Russian scientists  Sergei Witte  Russian arms  EU sanctions  Russian actors  Ilya Ilf  Dmitry Donskoy  Exhibitions in Moscow  Nikolai Valuev  Zenit St. Petersburg  Facebook Hacker Cup  St. Petersburg  Ukhta  Shakira  Moscow  Russian science  Russian lifehacks  Zaryadye  State Prize   Russian circus  Mercedes-Benz Fashion Week Russia  Mercedes-Benz Fashion Week   Russian tourism  Russian business  Russian Cinema  Murmansk Region  Heroism   Sochi taxi  Vladikavkaz  Peter and Fevronia  Museum of Toys  Saint Petersburg Metro  Astrakhan Region  migration rules in Russia  Ecotourism  Russian economy  Russian exhibitions  Krasnodar region  Samara  Great Patriotic War  Russian army  traffic restrictions   Russian Metro  anniversary  Iremel  Black Sea 


Travel Blogs
Top Traveling Sites