Venezuelan Government news and trends

Venezuela Legalizes Money Exchanges

August 03, 2018
Venezuela
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Venezuela Legalizes Money Exchanges

August 03, 2018
Venezuela’s Constituent Assembly voted on Thursday (Aug. 2) to legalize money exchange operations in an effort to relax the government’s strict currency controls. According to Reuters, economists say it’s unlikely that President Nicolás Maduro’s government would do away completely with the controls. The country is in its fifth year of recession, with inflation expected to […]