Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?
MishTalk
AUGUST 28, 2014
The economic decline is pushing people to seek out dollars to protect the value of their savings, at the same time that the government tightens supply, Henkel Garcia, director of Caracas-based consulting firm Econometrica, said by telephone. They are trying to save up as many dollars as possible to meet obligations to bondholders.”
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