Senior Correspondent, New York
Daniel's Feed
Feb 11, 2015
Feb 11, 2015

Venezuela bonds tumble as investors spurn new forex system

CARACAS/NEW YORK (Reuters) – Venezuela’s dollar-denominated bonds tumbled on Wednesday after the government announced a new foreign exchange platform that was seen as insufficient to resolve an economic crisis and ease fears of a possible bond default.

The OPEC nation on Tuesday unveiled a new free-floating currency platform called Simadi, the third system in a three-tier exchange control mechanism meant to bolster state coffers.

Feb 10, 2015
Feb 10, 2015
Feb 10, 2015
Feb 8, 2015
Feb 8, 2015
Feb 8, 2015
Feb 8, 2015
Feb 6, 2015
    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
    • More from Daniel

    • Contact Daniel

    • Follow Daniel