Venezuela's unofficial exchange rate broke through 500 bolivars per dollar on Friday, according to a widely used website, as the socialist-run country's currency control system struggles to meet keen demand for greenbacks.
The rate weakened to 501.21 bolivars per dollar on Friday, clocking a 65 percent tumble this year, according to DolarToday, which says it publishes the figure based on currency trades along the Colombian border.
A severe recession and a fall in oil prices have slammed the OPEC nation's ability to provide dollars through a complex three-tiered currency control system.
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The rate weakened to 501.21 bolivars per dollar on Friday, clocking a 65 percent tumble this year, according to DolarToday, which says it publishes the figure based on currency trades along the Colombian border.
A severe recession and a fall in oil prices have slammed the OPEC nation's ability to provide dollars through a complex three-tiered currency control system.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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