Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt.

Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017.

Big businesses in the country have also poured money into the bonds, hoping to capitalize on the exorbitant yields and balance out losses from the OPEC nation’s collapsing economic system.

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