Economics
Venezuela’s Bolivar Has Biggest Black-Market Fall in Year
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Venezuela’s bolivar slid the most on the black market in a year, as the government’s new currency market failed to meet pent-up demand for dollars.
The bolivar fell 19 percent yesterday to 72.82 per dollar, according to dolartoday.com, a website that tracks the rate on the Colombian border. The decline continued today, with the greenback fetching 75.9 bolivars on the western border at 10:50 a.m. local time.