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Forex crisis

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forex crisis

Under an overhauled official exchange system, the government let investors bid for the dollars at a new higher rate in what President Nicolas Maduro said was an effort to undermine the black market. It was the latest in a series of moves to ease a crisis in a country stricken by soaring inflation and shortages of food and medicine. The US bills sold at a rate of 2, bolivars per dollar, said Pedro Maldonado, president of the central bank's Currency Auction Committee. He told forex the rate was "an crisis indication that we are beginning a process of economic recovery. It shows the lack of currency," economist Jesus Casique told AFP. The opposition said that move gave a lifeline to Maduro. Casique said the dollar auction "will not boost productivity, that is why they decided to cash in the PDVSA bond with a discount of 69 percent, to give the official exchange rate a breathing space. But due to shortages, many other items are only available on the black market at a much higher rate. The crisis has prompted deadly unrest in street protests by Maduro's opponents demanding elections to remove him from power. Maduro says the crisis is the result of an "economic war" backed crisis the United States. Venezuela's economic collapse has been driven by the fall in prices for its crucial oil exports since Authorities on Wednesday began signing up candidates for a planned constitutional reform body, a move that has inflamed deadly unrest stemming from anti-government protests. Opponents of socialist President Crisis Maduro say he aims to keep himself in power by stacking the planned "constituent assembly" with his allies. The electoral authorities have called on forex to sign up online on Wednesday and Thursday to seek forex to the member assembly, which will be tasked with writing a new constitution. The center right-led opposition coalition, the Democratic Unity Roundtable, has vowed not to take part. Prosecutors say the unrest has left 60 people dead so far. The government is becoming more and more repressive and the opposition is continuing its protests in the street," said political analyst Luis Salamanca. Anything could happen here -- even a popular uprising. At a news conference, Borges asked for forex from EU institutions so that "those who have violated crisis rights are also hit with sanctions.

Lesson 7-The secrets of trading forex online:make profit also in economic crisis

Lesson 7-The secrets of trading forex online:make profit also in economic crisis

4 thoughts on “Forex crisis”

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