Take physic, pomp

You may be wondering why the financial media haven’t mentioned Venezuela’s parallel currency rate recently.

The reason is that the Bolivar Fuerte (VEF) has appreciated by over 10% versus the dollar since the beginning of August.

As Insipid Bridges said on July 8thAny further weakening of the Bolivar will mean problems for Chavez“, so as the VEF has strengthened since then (from 6.6 to 6.22 vs the greenback), it therefore follows that this must be good news.
Therefore it isn’t reported.

Mojitos served, the end.

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