VES investors should pay attention to what is happening in New York. Venezuela has not announced a revaluation of the Bolivar and the currency is actually continuing to weaken, but something important has changed. Venezuela is talking directly with the IMF, World Bank and Inter-American Development Bank, while also discussing massive debt restructuring with the United States. If those talks eventually produce debt relief, increased oil investment, greater access to international financing and lower inflation, they could improve the economic fundamentals supporting the Bolivar.
