Tuesday, July 10, 2007

Venezuela Bolivar Little Moved as Investors Await Plan to Drain Liquidity

(Bloomberg) -- Venezuela's currency was little
changed in unregulated, parallel market trading as investors
awaited government plans to remove cash from the economy.

Finance Minister Rodrigo Cabezas said on July 8 that the
central bank will this week announce a new policy to lower the
amount of money in circulation and encourage saving. He didn't
specify what the new measures would be.


Read more at Bloomberg Currencies News

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