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Venezuela Temporarily Halts Trading in its own Bonds
CARACAS, Venezuela Venezuelan authorities temporarily halted the trading of government bonds on Tuesday and said they would seek to control Venezuela's currency exchange rates by setting a range of permitted prices in the bond market. The government is worried because the rising price of dollars on the parallel market increases the cost of consumer goods in Venezuela, which imports more than half the products it consumes despite Chavez's efforts to boost domestic production.Some things are beyond the reach of even the craftiest dictator. Maybe Chavez can consult Noam Chomsky on how to make Venezuelan currency more valuable. Posted by: Anguper Hupomosing9418 2010-05-18 |
| http://www.rantburg.com/poparticle.php?ID=297056 |