Venezuela forex system sells dollars at eight times official price – Reuters
BBC News |
Venezuela forex system sells dollars at eight times official price
Reuters CARACAS (Reuters) – Venezuela launched a new free-floating foreign exchange system on Monday that offered dollars for eight times the official price in a move the government says will tame the black market but which critics see as a massive devaluation. Venezuela forex system offers dollars near black market rate Venezuela Lets Bolivar Weaken in a Bid to Ease Shortages Venezuela's new forex system sold dollars at 51.8 bolivars |
