Sunday, October 25, 2015

Now a Crime In Venezuela - Publishing FX Rates

It would be funny if not true - similar to Argentina's fining consultants who tried to calculate the true rate of inflation a few years ago, the Venezuelan central bank is now suing a web site for publishing black market fx rates. To state the obvious, the problems in Venezuela are not related to people knowing the current black market rates but instead, the economic policies of the government. Of course, a lawsuit provides the illusion that it is otherwise.

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