The country only has $11.9 billion in 2016 reserves left in it central bank. In 2011 before, they had $30 billion. Experts predict they only have up two years before the country is out of money, and that means the country will only continue to damage its own human dignity. .
Despite sitting on top of one of the world’s largest oil reserves, it is unlikely Venezuela will be able to covers its own debt to lenders, because of a 13 year old low in oil prices. Lenders include China, oil companies, importers and bondholders, among others.