International reserves have been virtually no deviation from the level a week ago. Already there are several weeks during which international reserves have proved stable in numbers over 30,000 million dollars. This week highlighted two announcements related to foreign exchange. First, the limited interest aroused by the last issue of bonds by PDVSA for 3,000 million dollars between local investors and the other the announcement of Science and Technology Minister, Jesse Chacon, on Wednesday, in the sense that the sector telecommunications would get the foreign exchange required as normal, and that’s why the government expected a noticeable reduction in the selling prices of mobile phones.
A story that will undoubtedly impact the level of international reserves, in a positive sense, is the remarkable upturn in the price of oil, which led him in few days: Monday and Tuesday of this week, to close at $ 80 per barrel.
The rebound appears to mean that demand for global oil begins to recover.
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