Venezuela’s ‘Goldman Bounce’ In Reserves Is Gone

The following excerpt is from an article that originally appeared on Zero Hedge

The boost in foreign reserves Venezuela enjoyed after Goldman Sachs investment arm picked up $2.8 billion of bonds from the state oil company is almost gone.

“We’re gonna need another boost…” – time for some more Goldman ‘swaps’?

As Bloomberg notes, the country’s cash hoard has fallen $326 million this week to $10.2 billion, near the 15-year low reached last month before the windfall.

Investors follow the level intently, trying to gauge how much time Venezuela has left before its dollar shortage results in a default.

Click here to Read this Entire Story on Zero Hedge


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