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A Currency Black Market Quickly Re-Emerges in the Streets of Caracas

  • Government plans to begin FX auctions but won’t provide supply
  • Black-market exchange rate has already broken new records
Bloomberg business news
Venezuelans Struggle With Maduro's New Economic Plan
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Venezuela’s epic 95 percent currency devaluation was in part an attempt, it appeared, to squash the black market where most people have bought and sold dollars for years.

Those illusions were dashed quickly, though.