Venezuela and the VEF Exchange
The DICOM auctions introduced on May 31 were suspended after the August 31 auction, which was voided.
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[fa icon="calendar'] Jul 20, 2017 @ 10:14 AM / by Alex Davis
On May 31, Venezuela announced the results of the first currency auction for its new DICOM exchange rate, the fifth such currency control mechanism introduced since 2003.
[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.
[fa icon="calendar'] Dec 16, 2016 @ 02:32 PM / by Morgan Grenier