US Corporations Take Huge Losses on Venezuelan Currency
MishTalk
JANUARY 26, 2015
When black markets in currencies develop, you can be 100% sure the official exchange rate is overinflated. bolivars to the dollar, the floating rate of exchange is 50 bolivars to the dollar, and the black market rate is 184 bolivars to the dollar. Why American Airlines and Kimberly-Clark stick around is a mystery.
Let's personalize your content