Thursday, March 2, 2017
Venezuela Is Down To It's Last $10 Billion
CNN: Venezuela is down to its last $10 billion
Caracas is running out of cash.
Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data.
For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments.
In 2011, Venezuela had roughly $30 billion in reserves. In 2015, it had $20 billion. The trend can't persist much longer, but it's hard to know exactly when Venezuela will run completely out of cash.
Read more ....
Update #1: Venezuela running out of cash (RT)
Update #2: Venezuela Is Down To Its Last $10 Billion - Oil Markets Daily (Seeking Alpha)
WNU Editor: This is not going to end well.