Venezuela withdrew close to $1.5 billion from an IMF holding
account in June, according to the fund's website, improving the liquidity of
the OPEC nation's currency reserves, which have steadily declined since last
year's oil market rout. Venezuela holds reserves with the International
Monetary Fund in an instrument known as Special Drawing Rights (SDR), a basket
of international currencies made up of the euro, Japanese yen, pound sterling,
and U.S. dollar. More…
Friday, July 10, 2015
Venezuela pulls $1.5 billion from its IMF reserves
Venezuela withdrew close to $1.5 billion from an IMF holding
account in June, according to the fund's website, improving the liquidity of
the OPEC nation's currency reserves, which have steadily declined since last
year's oil market rout. Venezuela holds reserves with the International
Monetary Fund in an instrument known as Special Drawing Rights (SDR), a basket
of international currencies made up of the euro, Japanese yen, pound sterling,
and U.S. dollar. More…
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment