(Bloomberg) -- Venezuela's currency strengthened in
unregulated trading as the government said it will sell bonds to
local investors and slow spending in an attempt to drain cash
from the economy and reduce demand for dollars.
Finance Minister Rodrigo Cabezas said yesterday Venezuela
plans to sell $2.8 billion of dollar and bolivar bonds in the
second half of the year. Cabezas also said the government will
use ``fiscal responsibility'' to lower the amount of money in
circulation and slow inflation.
Read more at Bloomberg Currencies News
unregulated trading as the government said it will sell bonds to
local investors and slow spending in an attempt to drain cash
from the economy and reduce demand for dollars.
Finance Minister Rodrigo Cabezas said yesterday Venezuela
plans to sell $2.8 billion of dollar and bolivar bonds in the
second half of the year. Cabezas also said the government will
use ``fiscal responsibility'' to lower the amount of money in
circulation and slow inflation.
Read more at Bloomberg Currencies News
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