Venezuelan Bolivar Plunges to Record Low on Black Market; Bond Default Coming Up in October?
MishTalk
AUGUST 28, 2014
Bolivar vs. US Dollar From 2005 to 2009 the official exchange rate was 2 bolivars to one US dollar. percent in May, the last month for which figures are available, while according to economists surveyed by Bloomberg gross domestic product shrank 2.1 Venezuela’s benchmark dollar bonds due in 2027 fell 0.44 to the dollar.
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