Venezuela to auction US dollars to businesses

General » General Discussion

Site Notices

TNVC Partners With Envision Technology - MARS Rangefinder Family, MARS-Lc!

[ARCHIVED THREAD] - Venezuela to auction US dollars to businesses

Posted: 3/19/2013 4:35:56 PM EDT

Very interdasting.

CARACAS, Venezuela (AP) -- Venezuela's government plans to auction dollars to private businessesthat sell food, medicine and other basic goods amid widespread shortages.

Planning Minister Jorge Giordani said Tuesday the initiative aims to provide such sectors the dollars they need to import goods. Products such as flour, coffee and butter have disappeared from store shelves in recent months.

Venezuela has maintained strict currency controls since 2003, creating a black market that now sells dollars at over triple the official rate of 6.3 bolivars. Falling oil exports and foreign investment have helped dry up the dollar supply.

The auctions starting next week will begin with bidding at the official exchange rate but could sell dollars for much more. The sale price will be set at an average of the highest bids, said a Central Bank official, who was not authorized to speak about the matter and asked not to be identified.

Another government-operated currency exchange system sells dollars to individuals and businessesbut only at the official rate.

http://news.yahoo.com/venezuela-auction-us-dollars-businesses-211042353.html

Posted: 3/19/2013 5:13:58 PM EDT

[#1]

They hate people in business so they are willing to "sell" something they are restricting/manipulating already (provided you use it for distribution to the masses at a controlled price)..

Just GTFO of the way, commie bastards.

Posted: 3/19/2013 5:19:08 PM EDT

[#2]

Were they ever able to remove Joe Kennedy's mouth from Hugo's penis

Posted: 3/19/2013 5:27:13 PM EDT

[#3]

Quoted:
Were they ever able to remove Joe Kennedy's mouth from Hugo's penis

They would have had to pry it out of Sean Penn's ass first.

[ARCHIVED THREAD] - Venezuela to auction US dollars to businesses

General » General Discussion

Win a FREE Membership!

Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!

You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.

Warning

Confirm Action

About AR15.COM

Stay Connected

Newsletter

Contact Us