Macroeconomy/Finance

International reserves remained stable at $6.29 bn due to the rise in gold

As of the end of June, International Reserves (IR) reached $6.29 billion. 20% of these resources are gold. According to the BCB, they represent up to 16% of the Gross Domestic Product. The NIR guarantees the stability of the exchange rate, which since 2011 maintained frozen at Bs 6.96 per dollar.

Source: El Deber