The Venezuela liquidity challenge is getting more difficult.
A Barclays report notes that available cash for critical imports is down to
just $1 billion and the country is having difficulty leveraging its gold
reserves to stave off the credit crunch. In a nation seemingly spinning out of
control, the liquidity trap is tightening. Venezuela liquidity problems are not
new, the nation’s attempts to scramble to find capital – and the depths it is
going to find liquidity – are “worrisome,” Barclays Analyst Alejandro Arreaza
wrote in a December 5 report. More…
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