Venezuela c bank to start dollar auctions Monday

VENEZUELA - The Venezuelan Central Bank will start Monday with a daily auction of U.S. dollars to the currency market to guarantee supplies of dollars while the bolivar adapts to a new free-floating exchange system.

The bank will offer a "predetermined amount" of dollars for auction to banks and exchange houses and will consider, as needed, putting up its own bids for money on the market, a bank press release said over the weekend. Bank officials have said the amount would be around $60 millio

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