Sponsored by AMA News
=>
The meltdown in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions take their toll on the economy. The black-market rate for the bolivar traded weaker than 8,700 per dollar for the first time, according to dolartoday.com on Friday, compared with the official rate of around 10 and a more widely used alternative rate of 2,757. That’s creating an illusion for foreigners observing the country’s stock market, which appears to be valued at $2.57 trillion -- bigger than Germany’s, France’s, India’s or Canada’s -- but is worth only $3 billion based on the black-market rate.
More From this publisher : HERE
=>
***********************************************
See More Here: The Meltdown in Venezuela’s Currency Is Deepening
************************************
=>
This article was searched, compiled, delivered and presented using RSS Masher
=>>
The Meltdown in Venezuela’s Currency Is Deepening was originally posted by Viral News Feed 14
No comments:
Post a Comment