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Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises

Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending RisesThe exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to […]

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