One of the consequences of all this action is that the normal parallel market has been virtually closed down all day, with the ask shooting to VEF7 on the uncertainty (bid staying around 6…big big spread). It remains to be seen whether Venezuela gets a normal parallel market tomorrow or whether there will be further moves by US authorities against the presumed drug money laundering ring.
By the way, great scoop, MO. I read you last night after finishing some writing here and thought it interesting, then promptly forgot about it today. Good stuff, kudos to you, and blogs showing the way yet again.