BCV transferred to Fonden $ 500 million

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BCV transferred to Fonden $ 500 million

posted on Mar 19, 2010 12:37PM

BCV transferred to Fonden $ 500 million
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Published at 08:15 AM on March 19, 2010 | The World

Venezuela's central bank carried out the third transfer of international reserves to the National Development Fund (Fonden).
An amount of 500 million dollars were transferred to the fund on 17 March.
To date, BCV has moved from the reservations to that instrument funding resources totaling 4,500 million.
BCV's international reserves recorded a decline of 6.037 million dollars so far in 2010, to be placed on 28.855 million dollars.
Petroleos de Venezuela, who also feeds the Fonden, has not sent its contribution referred to this year. It is unknown the level of implementation of the fund. AF