Friday, 30 July 2010




(Adds quote) CARACAS, May 20 (Reuters) - Venezuela's new foreign exchange rate to be set by the Central Bank should not be much above the highest current official rate of 4.3 bolivars to the dollar, President Hugo Chavez said on Thursday. The central bank is taking over a "parallel" currency market, previously in private hands, where the bolivar had bombed to more than 8.0 to the dollar this year. The bank is to establish a new band for the bolivar, depending on local supply and demand, and...
Full Story: The Guardian



 

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