Venezuela delaying debt payments: foreign reserves down to US$ 9.9 billion

Tuesday, October 24th 2017 - 06:58 UTC

Full article 4 comments

One week before Venezuela faces a critical debt payment, the distressed country is already late on a series of smaller bills. The nation's state-owned oil giant, Petroleos de Venezuela, SA, has two major bond payments totaling about US$2 billion coming due in the next two weeks. Read full article

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imoyaro
This is truly Kamerad/Komrade Rique style Populism at its best. They are cutting imports of food and medicines to make what little payment they can with a populace that is already going hungry without medical care...

https://panampost.com/sabrina-martin/2017/10/23/maduro-picks-bondholders-over-starving-venezuelans-as-shortage-crisis-continues/
Oct 24th, 2017 - 07:35 am - Link - Report abuse +1
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DonMateo
This is amazing. Kamikaze economics. Let them eat cake is saying Maduro. When they run out of cash the run out of food because they have destroyed all of their own food producing industries. This is not going to end well.
Oct 24th, 2017 - 06:58 pm - Link - Report abuse +1
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Chicureo
This from a country with supposedly the largest petroleum reserves in the world.
Oct 24th, 2017 - 08:36 pm - Link - Report abuse +1
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tallison46
Socialism at its finest..... they don't have access to 9 Billion the US has it.... they're just about out of other peoples money!
Oct 27th, 2017 - 01:35 am - Link - Report abuse 0
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