Venezuela's Chavez considers vote on reserves use

Venezuela's President Hugo Chavez said on Saturday 14 May he may decide to call a referendum on whether the country should be able to use part of its international exchange reserves for projects to help the poor.

Chavez said during a television address that the country now has about $28 billion in reserves, but that $20 billion would be more than sufficient. He said the other funds could be used for credit for poor farmers and other projects.

"If we need to go to a national referendum, I'm

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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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