A News Aggregator That Covers The World's Major Wars And Conflicts. Military, Political, And Intelligence News Are Also Covered. Occasionally We Will Have Our Own Opinions Or Observations To Make.
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.
No comments:
Post a Comment