But while the strong bolivar's official exchange rate will be fixed as 2.15 to $1, the black market rate has hovered around the equivalent of 5.60 to $1 recently. Venezuela's currency has long ...

Venezuela is undergoing a major ... buy dollars on the cheap and flip them on the black market for a profit. That has created shortages of hard currency, which in turn fuels shortages of imported ...

A court in the United States has sentenced the former head of Venezuela's treasury ... to then sell the dollars at a huge profit on the black market. In exchange, he received bribes worth $ ...

Now it’s falling apart By Ioan Grillo / Caracas | Photographs by Alvaro Ybarra Zavala In Venezuela the food ... businessmen turned to the black market, where exchange rates soared.

Joules Garcia / Investopedia A black market is ... As a result, the currency underground market is flourishing in nations like Argentina, Iran, and Venezuela. Sometimes, an underground market ...