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Chavez says he'll seize businesses that raise prices

Discussion in 'Economics and Financials' started by Muck, Jan 11, 2010.

  1. Muck

    Muck Throwback Uniform Crusader Retired Administrator

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    He devalues the currency by half on Friday, then puts that threat out there.

    What is this 'multi-tiered' currency system?


    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTtr11jqdrdM
     
    Two Tacos likes this.
  2. Two Tacos

    Two Tacos Season Ticket Holder Club Member

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    The "parallel” exchange thing reminds me of being in the Navy. There was the official exchange rate that you could get from banks or the people that came onboard to swap money, and then there was the rate you got from the cab driver/bartender. I’ve always wondered what the dollars value would be with out all of the artificial controls different governments impose.
     

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