Argentina sells bonds to Venezuela

Argentina sold $496 million in bonds to Venezuela to help boost its international reserves as it prepares to pay back the $9.8 billion it owes the International Monetary Fund.

Venezuela bought the dollar-denominated bonds maturing in 2012, known as Boden bonds, at ``market prices,'' Argentina said in its official gazette.

Venezuela is the largest buyer of Argentine debt, and has now bought $1.48 billion of Argentine bonds this year.

Argentina's President Nestor Kirchner said last week that the

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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