Venezuela's currency slides after floating

VENEZUELA - Venezuela's currency has fallen 3.9% to about 824 bolivars to the dollar after the government scrapped five-year old exchange rate controls.

President Hugo Chavez's made the surprise decision to scrap the bolivar's trading band, on Tuesday.

The currency sold at 795 to the dollar on Friday, the last day of trading before a four-day Carnival holiday weekend.

Early trade was extremely volatile after some analysts had valued the bolivar at 30% below its pre-float level.

"There is a lot of

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