Venezuela Has Much Less Than $10 Billion — Lowest Reserves In Over Twenty Years

The bad financial news came on the same day as a major symbolic referendum vote called for by the country’s main opposition party.
Venezuela’s cushion of cash fell to its lowest point in over 20 years amid the nation’s political turmoil.
Even compared to its neighbors, Venezuela’s cash pile is worrisome.
Venezuela, which has more oil than any other country in the world, was once the richest country in Latin America.
Foreign reserves — funds meant to weather tough economic times — fell below $10 billion for the first time since 1995, according to central bank data published Sunday.

Read more on: http://money.cnn.com