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GINOWAN, Japan (AP) - Venezuela may use a part of its burgeoning $25 billion in currency reserves to pay off some debt and reduce its dependence on foreign creditors, Venezuela's vice finance minister said Monday.
Eudomar Tovar said the oil-exporting country had made a spectacular economic recovery following the political crisis in 2002 and 2003, registering growth of 17.3 percent in 2004.
Speaking on the sidelines of the Inter-American Development Bank meeting in Okinawa, Japan, Tovar said Venezuela's reserves had recovered to $25.3 billion.
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