Latin America

naaman fletcher

(7,362 posts) Thu Mar 28, 2013, 02:42 AM Mar 2013

Results of the currency auction

So Venezuela published the results of the first currency auction:

http://static.eluniversal.com/2013/03/27/resultadossubastasicad.pdf

Except, of course, they didn't bother to mention the exchanged rate that results from the auction. So now there is a SECRET exchange rate.

3 replies

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Results of the currency auction (Original Post) naaman fletcher Mar 2013 OP

Just another devaluation of the long-suffering COLGATE4 Mar 2013 #1

I saw trading organizations estimated it traded over 13 Bs on average Bacchus4.0 Mar 2013 #2

info Bacchus4.0 Mar 2013 #3

COLGATE4

(14,886 posts)

1. Just another devaluation of the long-suffering

Reply to naaman fletcher (Original post)

Thu Mar 28, 2013, 08:26 AM

Mar 2013

Bolivar.

Bacchus4.0

(6,837 posts)

2. I saw trading organizations estimated it traded over 13 Bs on average

Reply to naaman fletcher (Original post)

Thu Mar 28, 2013, 08:45 AM

Mar 2013

and the government did not accept less than 10.5:1

Bacchus4.0

(6,837 posts)

3. info

Reply to naaman fletcher (Original post)

Thu Mar 28, 2013, 09:22 AM

Mar 2013

Average exchange rate offered by bidders was among the most expected data, but the Ministry of Planning and Finance would not reveal the quoting.

Nevertheless, based on unofficial information from the Central Bank of Venezuela (BCV), the cutoff exchange rate was VEB 10.5 per US dollar, whereas the average bidding stood at VEB 12.5 per US dollar.

http://www.eluniversal.com/economia/130327/novel-auction-awards-usd-200-million-to-383-companies

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Latin America

naaman fletcher

Results of the currency auction

COLGATE4

Bacchus4.0

Bacchus4.0

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