SWAP IN MINIMUM LAST FOUR MONTHS. How are the Papers Venezuelans?. Editor's Note

Intense has been the supply of foreign currency carried out by governmental institutions, supported by the increase in the price per barrel of oil, which have produced a significant drop in the price of the Swap, list the price of the currency in the morning to maximum Bs.6,20 to purchase and of 6.30 for sale, which has led to a good demand by importers equally.

It is expected to keep this trend until the end of the week, when come back the President Chavez to the country, to determine, finally, the economic measures to take, which will always be geared to narrow the gap between the Swap and the dollar journal, it would be important to know where.

PAPERS VENEZUELANS.

In statements to the Newspaper EL UNIVERSAL, the analyst and managers of  BBO Servicios Financieros Miguel Octavio, argues that while on the one hand there is a new flow of funds from investors regain confidence in emerging markets and higher yields, which has led the price of  Global 27 (one of the most representative of the Venezuelan Stock) to quotations of 76.75%, when less than 60 days the price is located in 67.69%, endorsed in a yield of 12 per cent.

However, between what raised by officials of the government between the economic measures, is the issuance of new bonds of the public sector, mainly Petrobonos, which are listed at the moment to a 74.25 percent of its value, which determines a rate of exchange implicit very similar to the quotation on the swap, so it is very interesting for the local buyers, and its quotation is very high for the buyers outsiders, whereas at the time of the issuance of the bond came to quoted in the 58 per cent, whereas some analysts that he is close to the price ceiling, even when its total cancellation is in the short term.