ESPACIO PUBLICITARIO
CARACAS, Monday December 31, 2012 | Update
 
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FINANCE | According to central bank numbers

Venezuela's international reserves drop USD 3.73 billion in 2012

Pdvsa's transfers to the National Development Fund (Fonden) have undermined the amount of US dollars available for the private sector

Liquid reserves do not exceed USD 3 billion (File photo)
EL UNIVERSAL
Monday December 31, 2012  02:04 PM

Statistics from the Central Bank of Venezuela (BCV) show that as of December 27, international reserves tumbled USD 3.73 billion in 2012 and stood at USD 26.15 billion.

Out of such amount, 85% is gold bars. Dollars in cash -technically known as liquid reserves, which the central bank has immediately available to pay imports and foreign debt, do not exceed USD 3 billion.

State-run oil firm Pdvsa deposits more than half of oil revenue in the National Development Fund (Fonden), a facility the Venezuelan government uses to afford investment projects. Consequently, international reserves dwindle despite high oil prices.
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Living with HIV/AIDS (I)

Let us start by looking at what appears to be a discrepancy in figures. According to official statistics, the number of Venezuelans contracting HIV/AIDS every year amounts to 11,699; and as per Ministry of Health figures 43,805 people receive free antiretroviral medications.  But Jhonatan Rodríguez, the president of ONG StopVIH, claims that these figures date back to March 2012, and that they are quoted as current figures.

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