Venezuela considers modifying forex controls

Venezuela's currency control system may be modified with alternatives under discussion including keeping a fixed exchange rate of 1,600 bolivars to the dollar.

Source: Reuters

Venezuela's government is studying whether to modify the currency control system it established in February and which has left its import-reliant economy starved of dollars for two months, banking and government sources said.

Alternatives under consideration include keeping a fixed exchange rate of 1,600 bolivars to the do

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