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2 months ago
Venezuela says forex auction yields rate of 2,200 bolivars per dollar
June 14, 2017 / 2:58 PM / 2 months ago

Venezuela says forex auction yields rate of 2,200 bolivars per dollar

CARACAS, June 14 (Reuters) - Venezuela's central bank said on Wednesday the exchange rate of its Dicom currency auction system was 2,200 bolivars per dollar, a small devaluation from the previous rate of 2,161 bolivars.

The auction saw some $26.8 million sold off in weekly auction, a relatively low amount suggesting that this mechanism introduced in May will fail to assuage demand for greenbacks in the crisis-hit OPEC nation. (Reporting by Diego Ore)

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