Venezuela considers parallel forex market - c bank

- Central Banking staff
- 04 Jul 2003

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Domingo Maza, one of the directors on the board of Venezuela's central bank said Thursday the government and central bank were looking at ways of improving the control regime to speed up the flow of dollars into the economy.

Source: Reuters

Venezuela's financial authorities are considering a parallel foreign exchange market alongside a fixed exchange rate as possible way to reform currency controls imposed five months ago, a central bank official said Thursday.

Private businessmen complain bitterly

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