Kelemen, Jasmina; Chang, Joseph
January 2008
ICIS Chemical Business;1/14/2008, Vol. 273 Issue 2, p7
Trade Publication
The article reports on the issue involving Venezuelan president, Hugo Chavez and the series of stiff exchange controls in 2003 to stem capital flight. According to reports, by capping the official exchange rate and mandating that the government must approve the buying and selling of foreign currency, Chavez also inadvertently created a parallel market for cash.


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