Caracas

[fa icon="calendar'] Apr 26, 2017 @ 10:04 AM / by Morgan Grenier

While the official exchange rate for Venezuelan Bolivares Fuertes is USD1.00=VEF10.00, the black market rate in Caracas on Friday, April 24th reached 4711.73 bolivars per USD, the highest in the country’s history, and a depreciation of 6.4% in the last week and 40.5% in the last month.



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[fa icon="calendar'] Apr 07, 2016 @ 04:26 PM / by Christopher Zeitz

CARACAS, Venezuela - About one month ago, Venezuela announced another overhaul to the complex currency exchange system in the oil rich but economically troubled country.



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