Fears grow for Venezuelan currency

VENEZUELA - Venezuela's currency has renewed its slide, after support measures failed to stop investors, citizens and businesses converting cash into US dollars.

The currency, the bolivar, lost further ground on Friday to close at 792 to the dollar, bringing its total losses for the week to 3.3%.

The slide came despite further buying of bolivars by Venezuela's central bank. which on Thursday raised interest rates by 10 percentage points to 50%, and spent £300m snapping up the currency, in an

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