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Venezuela says first Dicom forex auction yields rate 2,010 bolivars
May 31, 2017 / 2:33 PM / 6 months ago

Venezuela says first Dicom forex auction yields rate 2,010 bolivars

CARACAS, May 31 (Reuters) - Venezuela’s central bank said on Wednesday that the exchange rate of its new Dicom currency auction system was 2,010 bolivars per dollar, a steep devaluation from the previous rate of around 728 bolivars.

The first auction saw some $24 million sold off, a low amount that suggests that this new mechanism will again fail to assuage demand for greenbacks in the crisis-hit OPEC nation. (Reporting by Eyanir Chinea; Editing by Chizu Nomiyama)

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