Venezuelans Desperate For Dollars Get Defrauded

Venezuelans Desperate For Dollars Get Defrauded

Meredith Kohut/Bloomberg

Acting President Nicolas Maduro unveiled an auction system last month to rein in “parasitic bourgeois” speculators he blames for worsening inflation running at 23 percent and pushing down the value of the nation’s currency to more than 20 bolivars per dollar in the black market.