Venezuela may issue bonds, sees FX system in 2 weeks

CARACAS, May 18 (BestGrowthStock) – Venezuela’s new central
bank-controlled foreign exchange system should be operating
within two weeks, a senior government source said on Tuesday.

The government and state oil firm PDVSA may issue bonds to
cover dollar demand in the country, the source told Reuters.
Officials had previously ruled out new bond issuance this year,
though market analysts have said they would be forced to.

“If it’s necessary, we could make some new issues. There is
scope to do it,” the source said, without giving more details.
Investment Research

(Reporting by Ana Isabel Martinez; Writing by Andrew
Cawthorne)

Venezuela may issue bonds, sees FX system in 2 weeks