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Venezuelan Bolivar Collapses Amid Severing Commercial Ties With Panama - Reports

April 9th, 2018
Categories: Past News

Link: https://sputniknews.com/latam/201804071063323817-venezuela-currency-collapse-panama-commercial-ties/

Venezuelan bolivar exchange rate collapsed on the black market, exceeding for the first time 300,000 bolivars per US dollar after the authorities decided to impose financial and economic sanctions against Panama, local media reported.

US dollar is now worth 305,000 bolivars, up from 231,000 bolivars in late March and 250,000 bolivars a few days ago, according to the Dolar Today website.

Venezuela announced that it was halting commercial relations with Panamanian officials and companies, banning dozens of them. The 90-day ban concerns 22 Panamanian individuals and 46 Panama-based legal entities.

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