Venezuela brings in new foreign exchange controls

Venezuela has introduced a raft of new foreign currency controls under President Hugo Chavez in an attempt to ease the economic turmoil that has enveloped the country.

Venezuelan on Thursday imposed as his government sought to bruising from a two-month opposition strike that failed to oust him.

Chavez said currency trading -- suspended for two weeks --would resume under a fixed exchange rate and tighter controls to shore up international reserves and the battered local bolivar currency.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: