Venezuela's central bank under threat from Chavez

Venezuela's President Hugo Chavez has repeated threats to the central bank that if it doesn't allow him to use part of its international reserves to fund his social programs for the poor, he will get a Supreme Court order to force it.

Chavez has asked the central bank to give him US$1 billion (euro810 million) from the international reserves, which have increased steeply this year following record oil prices.

"People of the Central Bank: If we have to go to the Supreme Court to get the last cent

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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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