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Venezuela reopens local debt market for first time since 2019
Venezuela has approved the sale of government debt in the local market for the first time since 2019, aiming to address rising spending and stabilize the exchange rate. President Nicolas Maduro has authorized the issuance of up to 20 billion bolivars (approximately $437 million) in promissory notes and an unspecified amount of bonds, which may be denominated in local or foreign currency.
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