Economy
The Venezuelan government has no plans to amend "for the time being" the terms and conditions of the supply of the debt bonds of state-run oil holding Petróleos de Venezuela (Pdvsa) issued this week, even when the market finds it unappealing, Nelson Merentes, the president of the Central Bank of Venezuela (BCV), said on Tuesday.

The senior official told Reuters that later on Tuesday, Pdvsa and BCV technicians would assess the terms of the operation, for instance, whether it will form part of the status of foreign currency, Reuters reported.

In the meantime, Finance Minister Alí Rodríguez Araque told reporters that it was too early to evaluate the demand of the combined issue of Petrobonds expiring in 2014, 2015 and 2016, which purchase orders started on Monday and will finish on Thursday.

Brokers have noted that the demand for the supply of USD 3 billion is still short.

They have also stated that even though the bonds allow investors to get foreign currency outside exchange control, its differential relative to the value of the dollar in the parallel market seems to be discouraging.