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 ...

By this point, the gap between the black market dollar rate and ... of economic insecurity that has plagued Venezuela for a time. The disparity between currency values and consumer prices ...

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 ...

a large tank can be filled for one US cent at the black market rate. Venezuela depends on oil for 96% of hard currency revenues. The average price for its basket of oil and refined products fell ...