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Venezuela Central Bank Plans Expanded Dollar Auctions

Venezuela will boost supplies of dollars to importers as it seeks to alleviate a shortage of goods that is fueling the fastest inflation in the region, central bank director Armando Leon said.

“In the next two months, the supply of goods and services should normalize,” Leon said in a telephone interview from Caracas yesterday. Inflation will slow from May, when consumer prices climbed a record 6.1 percent in the month, he said.