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:

The Share Of Imported Products In Russian Stores Reached Its Historical Minimum
29.09.2017
Annual Fitch Conference
15.10.2017
Digital Innovations Centre by Gazprom Neft
16.04.2018
Special Campaign For Buying Finished Residential Property Is Launched By Sberbank
14.05.2017
SAP - Korus Consulting Partnership
25.10.2017



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Exhibitions in Moscow  Tair Salakhov  Aeroflot  Latvia  Installations  fundamental physics  Dima Yakovlev Law  Russian roads  International Media Art Festival "Cyberfest"  Rusnano  Moscow  Mercedes-Benz Fashion Week Russia  Yandex  Sevastopol  Painting  Russian tourism  Joseph Brodsky  Archeology  Burial Grounds  Romanovs  Narzan  Ferdinand Wrangell  medicine  Russian Film Directors  capital outflow  Dutch Village in Moscow  Indie Music  Vladivostok  Flakon design factory  The Baikal  Samara  Climate  Altai State University  Yves Rocher  protest actions  Immune Cells  Gorky Park  Russian scientists  satellite  Russian football team  Russian Cinema  Russian business  Portraits  Russian history  Republic of Buryatia  Russian sportswomen  the Bolshoi Theatre  Russian priests  Magnitsky Act  Russian Literature 


Travel Blogs
Top Traveling Sites