Venezuelan authorities arrested 15 men and 10 women for their alleged involvement in manipulating the black market dollar, impacting the economy. The suspects, including operators, managers, liquidity providers, developers, programmers, and payment receivers, handled 18 websites setting parallel dollar prices, causing economic distortions. Some of these portals illegally captured funds without banking authorization, it was explained.
Argentina’s battle to control its currency is upending South America’s second-largest economy, wreaking havoc on everything from household finances to the production and sale of common goods.
Argentine bondholder groups slammed the government over economic policies they said were undermining investor confidence in the country, which emerged from a sovereign default in September after a US$ 65 billion restructuring.
Argentine bond prices fell to record lows on Monday and the official and black-market pesos diverged after the country imposed capital controls in a bid to stem a currency rout that is sharpening the risk of default.
Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will operate in parallel to the official currency control system, as an emboldened opposition challenges President de facto Nicolás Maduro.
Evo Morales' government pushing to expand the bolivianisation of the country's economy has resulted in a shortage of foreign currency - particularly of US dollars - and to a subsequent growth of the exchange black market, it as repirted.