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:
“I have heard, in such a way as to believe it, of your recently saying that both the Army and the Government needed a Dictator. Of course it was not for this, but in spite of it, that I have given you the command. Only those generals who gain success, can set up dictators.”
—Abraham Lincoln (1809–1865)
“Gold and silver are but merchandise, as well as cloth or linen; and that nation that buys the least, and sells the most, must always have the most money.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“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)