Venezuela Central Bank Transfers Another $500 Million to Fonden

Venezuela’s central bank transferred $500 million of international reserves to off-budget development fund Fonden on March 20, bringing the total in 2012 to $2.5 billion, according to data on the bank’s website.

Central bank reserves have fallen 9 percent this year to $27.2 billion.

To contact the reporter on this story: Daniel Cancel in Caracas at

To contact the editor responsible for this story: Joshua Goodman at

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