(Bloomberg) -- Venezuela's bolivar weakened to its
lowest level in three months in unregulated trading amid growing
speculation that the government is close to increasing penalties
on currency speculators.
Traders said volume in the so-called parallel market, in
which companies and individuals obtain dollars outside
sanctioned, government channels, remained sluggish for a fourth
day as lawmakers considered tougher fines and jail terms for
violations. Demand increased slightly today as the government
delayed sanctioned dollar sales to importers, manufacturers and
individuals.
Read more at Bloomberg Currencies News
lowest level in three months in unregulated trading amid growing
speculation that the government is close to increasing penalties
on currency speculators.
Traders said volume in the so-called parallel market, in
which companies and individuals obtain dollars outside
sanctioned, government channels, remained sluggish for a fourth
day as lawmakers considered tougher fines and jail terms for
violations. Demand increased slightly today as the government
delayed sanctioned dollar sales to importers, manufacturers and
individuals.
Read more at Bloomberg Currencies News
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