But while the strong bolivar's official exchange rate will be fixed as 2.15 to $1, the black market rate has hovered around the equivalent of 5.60 to $1 recently. Venezuela's currency has long ...

Venezuela's black market in dollars was even frozen by the currency shift amid confusion and economic uncertainty. The government announced several other key economic changes to accompany the new ...

a large tank can be filled for one US cent at the black market rate. Venezuela depends on oil for 96% of hard currency revenues. The average price for its basket of oil and refined products fell ...

According to Venezuela's official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $0.31 (£0.20). But on the black market, the reality is completely different.

Since the government limits foreign currency to individuals, merchants in Venezuela resort to the black market to get more foreign currency. This has increased the printing of bolivar notes and ...

Amid an acute national shortage of banknotes, the town of Elorza in western Venezuela has started issuing ... to less than five US cents on the black market. On the black market, the 2bn bolivares ...

(Bloomberg) -- Venezuela is letting the bolivar ... response to the growing gap between the official and black market exchange rates. The currency has come under intense pressure in the aftermath ...