Western Chikan Groping In Bus

The Book Venezuela is $ 39 000 963 000 000

Caracas, 11 Nov. ABN .- The total international reserves of Venezuela reported until Friday 07 of this month a total of 39 thousand 963 million dollars, showing a 3% monthly growth equivalent to one thousand 165 million dollars, since the October 7 stood at 38 thousand 798 million dollars, according to the statistics of the Central Bank of Venezuela (BCV). The total on Friday, shows that 39 thousand 135 million dollars are in the issuing entity and other 828 million dollars in the Macroeconomic Stabilization Fund (FEM), created in 1998 with the objective of the Venezuelan oil income fluctuations do not affect the necessary fiscal balance, foreign exchange and domestic money. The difference between the price of the Venezuelan basket and the goal of realization (sale) of oil set out in the national budget is what fuels the WEF, formerly the Investment Fund for Macroeconomic Stabilization (FIEM). Quarterly, the BCV and Petroleos de Venezuela (PDVSA) review the price and if it is equal to or greater than the last five years the resources are deposited in that fund. In fact, the Government reviews all imports coming through the Agreement on Reciprocal Payments and Credits Latin American Integration Association (ALADI), in order to be more strict in the issuance of currency, as imports resulted in 45 000 U.S. $ 463 million in 2007. Venezuela's international reserves will end in 2008 at an average close to 40 billion dollars, according to estimates by the Economist Armando Leon Rojas. In fact, said that this group of foreign financial assets held by or under the control of monetary authorities, are empowered and willing to address imbalances of payments. He explained that these assets are composed primarily of gold, currencies, special drawing rights, deposits in foreign banks and standing before the International Monetary Fund, which are available to those authorities to serve as means of payment flows and financial transactions made by the country with the rest of the world, and also to support the internal value external currency.