How Government and the Central Bank to find a way to swap dollars
Meanwhile, the Government and Central Bank are looking way down the “dollar swap”, which arrived this week to a record high of 8.2 Bs per dollar in a market with low volume, a value that gives President Hugo Chavez capitalist speculation and a conspiracy of the bourgeoisie.
Government sources said it seeks to associate the unofficial dollar contribution to the sovereign bond to set a sort of price range. This, they say, will make the price of the currency respond to the offer and demand.
Chavez on Friday said it has been at the forefront of research to hunt for those who are outside the law on foreign exchange, referring to some Internet sites that report on the dollar exchange, which far exceeds the official rates 2.6 and 4.3 Bs per dollar.
Another agent said that a few had done something risky operation, which involves virtually operate outside the law and its punishment can include imprisonment.
Since the president was forced to devalue in January, the exchange rate, which is derived from the arbitration of securities-has risen nearly 25 percent, putting more pressure on inflation from the South American country, which imports about 90 percent of the goods it consumes.
The continuing escalation of prices has become a thorn in the side for the socialist government of Chavez, who faces low popularity in the midst of a recession, shortages of certain products and high uncertainty before legislative elections in September.
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