Michael Lebowitz wrote:
The international reserves are now headed back up and increased $409 million this past week and now standing at $25.615 billion dollars.
What is the rationale given for holding 25b USD frozen in the form of foreign financial assets rather than investing them in the development of the people of Venezuela? Note: I'm not implying that it's not a good idea for Venezuela *in current historical conditions* to hold some reserves in the form of foreign financial assets. I just wonder if Michael has some insight into the thinking of Venezuela's central bankers (Maza Zavala?).
