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Venezuela has more than 1.2 billion dollars of debt in default, says a deputy

The Venezuelan opposition deputy José Guerra, president of the Finance Committee of the National Assembly (AN, Parliament), said today that the country is in default with the payment of more than 1,200 millions of dollars in interest to the holders of their external debt.

Caracas, Nov 21 (EFE) .- The Venezuelan opposition deputy José Guerra, president of the Finance Committee of the National Assembly (AN, Parliament), said today that the country is in default with the payment of more than 1.2 billion dollars in interest to the holders of their external debt.

"The government and (the state oil company) PDVSA have more than 1,200 million dollars in interest on these bonds, so they have activated the non-payment of those payments, "said the legislator in a statement sent to journalists.

The opposition legislator said that the national economic crisis "is accelerating dramatically" while the payments of external debt that the Government of Nicolás has fulfilled Mature in recent months "are swallowing the dwindling dollars that should enter the Central Bank (BCV)."

Guerra also said that during the first half of November "in annual terms the money created by the BCV increased 1,070%. "

He assured that this" money from nothing "is created by the issuing entity to" finance the deficit of the Government and the bankrupt PDVSA, "and denounced that these practices are" boosting "the depreciation of the bolivar and hyperinflation in the oil nation.

The economist pointed out that all these factors They have negatively impacted the remuneration of Venezuelan workers, whom they called "holders of bolivars in default", who must also face daily the shortage of food, medicine and physical money.

Maduro ordered this month to refinance and restructure "all external payments" of the country, although he assured that it will liquidate the 1.121 million dollars to be paid to the holders of one of the bonds of the state oil company.

Some financial institutions have declared in suspension of payments to the so-called revolution Bolivarian.

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