Central bank data shows Venezuela is in ‘stealth default’
Debt repayments have rapidly decreased since October 2017, data shows
Data published by the Central Bank of Venezuela has revealed the country is in default on its foreign debt payments.
As part of an overhaul of its website, the central bank published a large amount of historical data relating to reserves and financial accounts.
The new website included information on the central bank’s external debt repayments, which was spotted by Russ Dallen of Caracas Capital, who follows Venezuelan debt closely.
According to the data, Venezuela’s debt repayments have
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