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 April 3, bringing the 2012 total to $3 billion, according to data on the bank’s website.

Central bank reserves have fallen 8 percent this year to $27.4 billion.

To contact the reporter on this story: Corina Pons in Caracas at crpons@bloomberg.net

To contact the editor responsible for this story: Sylvia Wier at swier@bloomberg.net

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