Sat, Feb 28, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Venezuela announces changes to foreign currency system

Posted on 23 January 2014

Venezuela has announced measures to address its foreign currency crisis and boost the economy. Oil Minister Rafael Ramirez says Venezuelans travelling abroad will no longer be allowed to obtain foreign exchange at the official rate of 6.3 bolivars per US dollar.
They will have to pay a higher rate, determined by weekly currency auctions. The official rate will be used only for essential goods, such as medicine, industrial supplies and food………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39433 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
S M T W T F S
« Jan    
1234567
891011121314
15161718192021
22232425262728