Bolivar Black Market Presentation

LOGO The Venezuelan Bolivar blue mart TV C Contents Facts Impacts Causes Solution Conclusion What is the line??? ?Santiago pharmaceutical distribution business ?February 2003, chief city controls were implemented Expensive to obtain dollars How to sleep with up with $30,000the hard golden ??? Venezuela overview ? Venezuela The reign of Hugo Chavezs ? Currency: Bolivar Diagram miserliness & currency Political 1998 Chavez was elected to be President Repeated recalls, resignations, coups,.. Jan 21, 2003: Closed at 1.

891,5/$ The complete(a) sales of dollars was suspended for 2 weeks Consequences ? Black commercialise look upon of Bolivar (Bs 2,500/$) ? convince value ? Inflation ordain soared to >30% per annum Capital controls and CADIVI 2003 stand in Regulations Decree 1 2 correct the official central rate Bs1596/$ (bid) and Bs 1600/$ (offer) constituted the Commission de Administration de Divisas (CADIVI) 3 Implemented strict price control  mute requirement ? Authorizations by CADIVI would be reserved for Chavezs supporters ? August 2003, anti Chavez petition amass 1 million signatures Fail 1 million names were cross-checked including Santiago The gray-headed Market ? CANTV (local telecommunication company) ? ADRs = American Depositary Receipts ($-denominated) The Grey Market ? Exchange rate calculated found on share price of CANTV ? E.g 1 ADR= 7shares Local Stock Exchange CANTV NYSE Purchase: Bs7945/share win over: $18.84/ADR ×/ ? unvoiced grey market rate = $./ Bs2952/$ The Grey Market Venezuelan positive and Grey Market Exchange Rates, Venezuelan Bolivar/U.S. one dollar bill (January 2002-March 2004) The Black Market - Official - Legal - ER = Bs2952/$ Gray Market - Unseen - Illegal - ER = Bs3300/$ Black market The Black Market Obtaining hard currency (USD) through BLACK MARKET ???? ...If you want to extend a full essay, orderliness it on our website: Ordercustompaper.com

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