Military commanders, including Defense Minister Vladimir Padrino, have so far promised to stick with socialist Maduro. Turkey took a similar line, with President Tayyip Erdogan calling Maduro to offer support. Sovereign dollar and PDVSA bonds extended their rally on Thursday, having surged the previous day after Washington backed Guaido. Its 2024 sovereign dollar bond is now at its highest since autumn 2017 when Maduro publicly called for a debt restructuring. With the country’s economy disintegrating and annual inflation approaching 2 million percent, Maduro has relied extensively on the military to maintain power.

Source: bd News24 January 24, 2019 14:48 UTC