11.02.2015 16:53
YEREVAN, February 11. /ARKA/. Venezuelan officials unveiled Tuesday details of new changes in the country's foreign exchange policy, Prime reports.
Venezuela’s government has announced that it will allow a free-floating exchange rate for the country’s battered currency though maintaining a subsidized rate for key imports.
The government said that it would continue to operate with a three-tier exchange rate system, and that the primary rate of 6.3 bolivars to the dollar would remain in place for imports that are deemed essential, including food, medicine and agricultural supplies.
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