“The Venezuela Stock Market is now up 312.62% for the year to date in bolivar terms, though only 181.63% in official rate dollar terms because of a February devaluation, but still making it the best performing stock market in the world. Real returns in the unofficial dollar market are less. On January 1, one US dollar could buy approximately 20 bolivars in the unofficial black market. On Friday in Cucuta, Colombia, across the Venezuelan border — where the unofficial market in bolivar/dollars is not illegal — one US dollar could be sold for 46 bolivars.”
http://www.laht.com/article.asp?ArticleId=1106716&CategoryId=10717
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Owner of kite-surfing island for Silicon Valley executives faces $4.6 million fine
Finally, the SEC Goes After a Failed Bank’s Auditors
Cuba looks to medical tourism to entice international visitors
Japan PM's militaristic gesture before Obama visit, China seizes ship
W.V. Supreme Court justice faces 395 years behind bars in federal fraud case
Google accelerates launch of new music service that downgrades unlicensed music
State seizes couple's four babies due to father's juvenile sex offense
Fund Managers Are Ditching Wall Street for Florida's 0% State Income Tax
Ben Bernanke as Easter Bunny: Why the Fed Can't Prevent the Coming Crash
Indian rail is world’s largest ‘open toilet’
Abenomics Spurs Gold Sales in Japan as Inflation Hedge
Malaysian bloggers and politicians team up for ‘Internet blackout’
Can Bitcoin Breakout in 2014?
Gold Slump Revives Hedges Scrapped During Bull Run
Swiss banks face massive fines over Americans’ untaxed bank accounts