Latin America market round-up: Hugo Chávez watch 2
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Latin America market round-up: Hugo Chávez watch 2

Venezuela’s president is also unlikely to endear himself to Washington after saying that he has sold $20 billion of foreign reserves, mostly in US treasuries, over the past four months and deposited the funds at the Bank for International Settlements in Basle. A central bank director admitted that Venezuela had sold some of its holdings of treasuries, citing financial reasons. Some analysts, though, reckon the move was motivated more by political reasons.


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