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  HOME | Venezuela (Click here for more Venezuela news)

Venezuela Reserves Fall to New 12 Year Low

CARACAS -- Venezuela's reserves fell to a new low Monday of $16.286 billion, the lowest the beleauguered country's Central Bank reserves have been since August of 2003 when oil was $25 a barrel.

In addition, it appears that the country has also borrowed $1.5 billion against its gold reserves, as the amount of gold fell that $1.5 billion in March, according to the just released March Central Bank accounts.

Venezuela's reserves are now down $7.971 billion since the beginning of March.

By way of comparison to Venezuela's $16.286 billion, Brazil has $362.74 billion, Peru has $60.97 billion, Colombia has $46.54 billion, Chile has $38.03 billion, and even in-default Argentina has $31.49 billion.





Latinvest Venezuela Weekly 26 May 2015 by Latin American Herald Tribune


 

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