Acute dollar shortage at the heart of Venezuela’s latest political crisis
The latest political crisis in Venezuela, in which the Supreme Court of Justice (TSJ) officially took over the functions of the opposition-controlled National Assembly (AN), only to shed these extra powers in the face of an intense domestic and international backlash, has been driven primarily by economic concerns. Some US$2.2bn in bond debt repayments fall due on 12 April, with renewed concerns about the government’s capacity to make the payment.