Barclays: Venezuela Liquidity Tightens Even Further As Social Unrest Continues

The Venezuela liquidity challenge is getting more difficult. A Barclays report notes that available cash for critical imports is down to just $1 billion and the country is having difficulty leveraging its gold reserves to stave off the credit crunch. In a nation seemingly spinning out of control, the liquidity trap is tightening. A difficult situation becomes “worrisome” as Venezuela liquidity dries up Venezuela liquidity problems are not new, the nation’s attempts to scramble to find capital – and the depths it is going to find liquidity – are “worrisome,” Barclays Analyst Alejandro Arreaza wrote in a December 5 report. In the…