Venezuela’s central bank on Friday published data showing that its international reserves have jumped to a five-year high of nearly $11.3 billion.
By Reuters
Sep 10, 2021
The South American nation’s reserves rose by $5.1 billion on Wednesday, according to a spreadsheet published on the central bank’s website that tracks daily reserve movements.
That increase was removed from the spreadsheet around mid-day but restored by the afternoon.
It was not immediately evident where the funds came from. The central bank did not reply to a request for comment.
The International Monetary Fund’s website shows that Venezuela in August received an allocation of around 3.5 billion Special Drawing Rights, the IMF’s unit of exchange that is backed by dollars, euros, yen, sterling and yuan.
Those SDRs were worth $5.08 billion at the SDR exchange rate on Aug. 31. But the IMF says the government of President Nicolás Maduro does not have access to these resources due to a dispute over his legitimacy.
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Read More: Reuters – UPDATE 2 – Venezuela central bank reports $5 bln jump in international reserves
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