Wednesday, June 20, 2007

Venezuela's Bolivar Trades at Three-Month Low on Trading Penalty Concerns

(Bloomberg) -- Venezuela's bolivar traded at a
three-month low in unregulated trading on concern the government
plans to crack down on currency speculators.

Traders said volume in the so-called parallel market, in
which companies and individuals obtain dollars illegally,
plunged for a third straight day as lawmakers considered tougher
fines and jail terms for infractions.


Read more at Bloomberg Currencies News

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