Bolivar Black Market Presentation

LOGO The Venezuelan Bolivar blue food market TV C Contents Facts Impacts Causes Solution Conclusion What is the line??? ?Santiago pharmaceutical distribution business ?February 2003, metropolis controls were implemented Expensive to obtain dollars How to tie along with up with $30,000the hard amber ??? Venezuela overview ? Venezuela The reign of Hugo Chavezs ? Currency: Bolivar Diagram parsimony & currency Political 1998 Chavez was elected to be President Repeated recalls, resignations, coups,.. Jan 21, 2003: Closed at 1.

891,5/$ The swinish sales of dollars was suspended for 2 weeks Consequences ? Black mart quantify of Bolivar (Bs 2,500/$) ? convince value ? Inflation put soared to >30% per annum Capital controls and CADIVI 2003 vary Regulations Decree 1 2 restore the official central rate Bs1596/$ (bid) and Bs 1600/$ (offer) established the Commission de Administration de Divisas (CADIVI) 3 Implemented strict price control  implicit requirement ? Authorizations by CADIVI would be reserved for Chavezs supporters ? August 2003, anti Chavez petition roll up 1 million signatures Fail 1 million names were cross-checked including Santiago The gray Market ? CANTV (local telecommunication company) ? ADRs = American Depositary Receipts ($-denominated) The Grey Market ? Exchange rate calculated establish on share price of CANTV ? E.g 1 ADR= 7shares Local Stock Exchange CANTV NYSE Purchase: Bs7945/share transfigure: $18.84/ADR ×/ ? unvoiced grey market rate = $./ Bs2952/$ The Grey Market Venezuelan positive and Grey Market Exchange Rates, Venezuelan Bolivar/U.S. dollar sign (January 2002-March 2004) The Black Market - Official - Legal - ER = Bs2952/$ Gray Market - Unseen - Illegal - ER = Bs3300/$ Black market The Black Market Obtaining hard currency (USD) through BLACK MARKET ???? ...If you want to get a full essay, hostel it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper