FACTBOX-Venezuela moves reserves to BRIC nations

Wed Aug 17, 2011 6:28pm EDT

 CARACAS, Aug 17 (Reuters) - Venezuelan President Hugo
Chavez said on Wednesday he would repatriate $11 billion in
gold reserves held in foreign banks and diversify the liquid
reserves away from Western nations and into emerging powers
like China, Russia and Brazil. [ID:nN1E77G1E8]
 The following is a breakdown of Venezuela's international
reserves, according to a policy paper prepared by the Finance
Ministry and central bank.
 The document was leaked to an opposition lawmaker and later
posted on the Internet. Chavez cited figures from the document
in his public remarks on Wednesday.
 All figures are as of Aug. 8, 2011, and in U.S. dollars.
 GOLD RESERVES
 Gold reserves of $18.3 billion represent two-thirds of
Venezuela's total reserves. Of that total $11.1 billion are in
the custody of foreign banks and $7 billion with the Central
Bank of Venezuela.
 INSTITUTION                     AMOUNT
 Bank of England                 $4.6 bln
 BIS (Switzerland)               $544 mln
 JP Morgan (U.S.)                $807 mln
 Bank of Nova Scotia (Canada)    $381 mln
 Barclays Bank PLC (Britain)     $2.1 bln
 BNP Paribas (France)            $184 mln
 HSBC (Britain)                  $1.4 bln
 Standard Chartered (Britain)    $1.1 bln
 Central Bank of Venezuela       $7.2 bln
 LIQUID RESERVES
 Venezuela has financial assets in reserve, and available
upon demand to finance debt payments or import, of $29.1
billion. Of that, $6.3 billion are held abroad and distributed
as following.
 INSTITUTION                  AMOUNT             PERCENTAGE
 BIS (Switzerland)            $3.7 bln            59.2
 Barclays (Britain)           $1.1 bln            17.9
 JP Morgan (U.S.)             $616 mln             9.8
 BNP Paribas (France)         $407 mln             6.5
 Central Bank (Venezuela)     $238 mln             3.8
 World Bank                    $90 mln             1.4
 Deutsche Bank (Germany)       $43 mln             0.7
 BLADEX (Panama)               $42 mln             0.7
 Federal Reserve (U.S.)        $5  mln             0.1
 (Reporting by Diego Ore and Louise Egan)


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