Venezuela

Chavez says foreign reserves shifted to Europe

Venezuela has moved its central bank foreign reserves out of US banks, liquidated its investments in US Treasury securities and placed the funds in Europe, Venezuelan President Hugo Chavez said on Friday 30 September.

Venezuela central bank transfers US$3bn

Venezuela's central bank has transferred US$3 billion of its foreign exchange reserves to a newly created fund to support public projects, the finance minister said Friday 23 September.

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 calls for BCV president's resignation

Venezuelan president Hugo Chavez called on Diego Castellanos, president of the country's central bank, to step down from his post as the row over the distribution of the central bank's reserves continues.

The fight over Venezuela's central bank profits

Last weekend Venezuela's President Chavez once again attacked the central bank over the amount of "foreign exchange profits" it should turn over to the government. With Chavez threatening to go to the Supreme Court on the issue, this article suggests the…

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.

Venezuela central bank against reserves plan

Venezuela's central bank has again repeated its opposition to President Hugo Chavez's plan to deprive the bank of its autonomy and take $7 billion of international reserves to fund projects and social programs.

New Venezuelan law targets central bank reserves

President Hugo Chavez of Venezuela said on Sunday 28 March that his government was drafting a new law to force the country's independent central bank to release international reserves to finance government projects.

Chavez presses Venezuela's cen bank on funds

Venezuelan President Hugo Chavez repeated on Sunday 1 February demands that that the central bank complete its commitments to release reserves to finance the state revival of the nation's flagging farm industry.

Venezuela's central bank under pressure

This article looks at the position of the central bank of Venezuela (BCV) following calls from President Hugo Chavez to hand over $1 billion from its reserves. Chavez has called it 'absurd' and 'crazy' for the reserves just to sit in the bank, and…

Venezuela's central bank defies Chavez

Venezuela's central bank is examining ways in which it can deflect controversial demands from president Hugo Chavez to hand over $1bn of its foreign reserves for what could be a public spending spree.

Venezuelan president threatens to take over c bank

On Wednesday 7 January Venezuela's President Hugo Chavez threatened to take over the country's independent central bank if it did not agree to his demand to hand over $1 billion in reserves to finance farming projects.

Venezuela eases its currency controls

Venezuelan President Hugo Chavez has eased restrictions on credit card use that were imposed to shore up the economy during a two-month general strike called by his opponents, according Associated Press.

Venezuela c bank wary of overseas credit card use

The central bank of Venezuela has said it has no immediate plans to authorise the use of local credit cards abroad due to abuses that have previously taken place, according to Business News Americas. The country's foreign exchange commission Cadivi will…

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