Tag Archives: bolivars for dollars

Venezuela Back in the U.S. Dollar Business

If you can’t beat them, join them.  That’s the old saying, right?  Well the Venezuelan government has just shown signs of waiving a white flag.  That thing that they told their citizens not to do, they’re doing it.  Venezuelans lined up Thursday for their first chance in years to change bolivars into dollars without having to justify why they need foreign currency.

The socialist South American country launched a new exchange system last week that allows individuals and businesses to circumvent decade-old currency controls and legally buy greenbacks.  Not to belabor the point, but times are sure getting tough in Venezuela these days.

Read Hannah Dreier’s Miami Herald article here:


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