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Showing posts with label black market. Show all posts
Showing posts with label black market. Show all posts

Tuesday, May 26, 2015

Bolivar Plunges in Black Market as Venezuelans Stash Dollars

Venezuela’s largest bill of 100 bolivars is now worth less than a U.S. quarter to money-changers after a plunge in the currency’s black-market value.

Thursday, March 13, 2014

Venezuela inches toward new forex platform

(Reuters) - Venezuela unveiled currency regulations on Tuesday to help usher in a new foreign exchange platform to combat black market trading, promising the much-delayed system would start in coming days.

Tuesday, December 18, 2012

Chavez's cancer may put Venezuela devaluation on hold

CARACAS (Reuters) - Venezuelan President Hugo Chavez's battle with cancer and the possibility of a new presidential election look likely to delay key economic policy decisions including a sharp currency devaluation needed to shore up public finances.