Venezuela Strengthens Currency Controls in Impossible Mission to Stop Capital Flight; Airlines Collapse; End of the Line
MishTalk
JANUARY 23, 2014
In an effort to get money out of Venezuela, airline ticket sales had been booked solid for months. One airline cancelled all flights. The black market exchange rate is 79 Bolivars per dollar. Airlines operating in Venezuela fell and one carrier suspended flights. On the currency side, the official exchange rate is 6.3
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