Venezuela's currency is entering free
fall mode. Having tumbled beyond the 500 per dollar mark in the black market at
the start of the month, and then the 600 mark just eight days later, the
bolivar is now within sight of crashing through the 700 barrier. The so-called
bolívar "fuerte" - or strong bolivar - hit a new low of 683.26 per
dollar on the black market on Monday, according to dolartoday.com, the rate
tracking website that has become the unofficial reference for checking the
Venezuelan currency. More…
Tuesday, July 28, 2015
Venezuelan currency enters free fall mode
Venezuela's currency is entering free
fall mode. Having tumbled beyond the 500 per dollar mark in the black market at
the start of the month, and then the 600 mark just eight days later, the
bolivar is now within sight of crashing through the 700 barrier. The so-called
bolívar "fuerte" - or strong bolivar - hit a new low of 683.26 per
dollar on the black market on Monday, according to dolartoday.com, the rate
tracking website that has become the unofficial reference for checking the
Venezuelan currency. More…
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