Venezuela suspends currency dealings for five days

Venezuela's government has suspended trade in foreign currency for five days, according to a joint statement from the Finance…

Venezuela's government has suspended trade in foreign currency for five days, according to a joint statement from the Finance Ministry and the Central Bank of Venezuela, state television said.

"Trade in foreign currency in the country is suspended for five banking days," went a statement, signed by Finance Minister Tobias Nobrega and Central Bank President Diego Luis Castellanos, read on state television.

US dollars were worth 1,929.90 bolivars early today prior to the suspension of trade.

A 52-day old strike aimed at forcing President Hugo Chavez from power has hobbled Venezuela's economy, especially its crucial oil sector.

AFP

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter