Monday, March 24, 2014

Venezuela Loosens Currency Regulations - Wall Street Journal









Venezuela Loosens Currency Regulations

Wall Street Journal

The new market, dubbed Sicad II, will add a fourth exchange rate in Venezuela. The government maintains a fixed rate of VEF6.3 per dollar for imports of priority goods like food, and auctions dollars at around VEF11 to certain industries such as tourism.









via tourism in Venezuela - Google News http://ift.tt/1prEfCZ

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