Venezuela’s Merentes announces plans to reopen foreign dollar-denominated bond market

Flag-of-the-Bolivarian-republic-of-Venezuela

A shortage of bonds on the local market has forced the Central Bank of Venezuela to resume the sale of foreign dollar-denominated government bonds on local markets, Nelson Merentes, the central bank's president, announced on Wednesday.

Merentes said Venezuela's strict controls on foreign currency transactions, which include bonds, would be changed so that "any type of bond" from other countries can be bought and sold through Venezuela's central bank. Representatives at the central bank confirmed

To continue reading...