The Central Bank of Venezuela has filed a lawsuit in US courts against Miami-based entity DolarToday, alleging that this website undermines the Venezuelan bank, currency and economy by falsifying the country’s exchange rates and promoting a Black Market on its borders. This is a serious issue, as managing a country's currency is paramount.for societal elevation. This blog posits that the Caribbean needs to pay more than the usual attention to the developments of this case.
Triple-digit oil prices weren't enough to keep Venezuela out of the red when it was spending more on its people but producing less crude. So it did what all poorly run states do when the money runs out: It printed some more.That became more than you can count once oil started collapsing in mid-2014. The result of all this money-printing is that Venezuela's currency has lost 93% of its value in the past 2 yrs. Debauching currency is actually the best way to destroy the socialist, not…
DolarToday, el enemigo más temido de Nicolás Maduro – WSJ