Venezuelan Government Buys Argentine Bonds
In August 2007, the President of Venezuela Hugo Chávez bought $500 million Argentine bonds (Boden 2015) which were due to the IMF. This was decided by Chavez two years earlier during Tabaré Vázquez's inauguration as President of Uruguay. This trade of bonds would be the Argentine apport to the third emission of Bono del Sur by the Chávez administration.
From 2005 to 2006, Venezuela had already bought more than $3 billion bonds from Argentina, issued by the Argentine government following the debt restructuring. In total, Venezuela bought more than $5 billion bonds from Argentina since 2005.
Read more about this topic: Argentine Debt Restructuring
Famous quotes containing the words government, buys and/or bonds:
“The newspapers, I perceive, devote some of their columns specially to politics or government without charge; and this, one would say, is all that saves it; but as I love literature and to some extent the truth also, I never read those columns at any rate. I do not wish to blunt my sense of right so much.”
—Henry David Thoreau (1817–1862)
“The kingdom of heaven is like treasure hidden in a field, which someone found and hid; then in his joy he goes and sells all that he has and buys that field.”
—Bible: New Testament, Matthew 13:44.
“What we often take to be family values—the work ethic, honesty, clean living, marital fidelity, and individual responsibility—are in fact social, religious, or cultural values. To be sure, these values are transmitted by parents to their children and are familial in that sense. They do not, however, originate within the family. It is the value of close relationships with other family members, and the importance of these bonds relative to other needs.”
—David Elkind (20th century)