Chavez demands more BCV reserves

President Hugo Chavez' government has asked the Central Bank of Venezuela (BCV) for a new transfer of surplus official reserves to the executive branch.

"The government filed the petition. Now, the Central Bank has to give a response. The directors of the bank will review the relevant legal framework and determine whether this transfer of reserves can be made or not," said Rodrigo Cabezas, president of the National Assembly Finance Committee.

On February 2nd, Chavez suggested BCV was about to

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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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