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Venezuelan central bank officials have summoned executives from a handful of local financial firms to discuss plans to create a clearing and settlement system in U.S. dollars starting next year, according to five people with knowledge of the matter. The move would be an important step as a means to formalize transactions in dollars in Venezuela’s banking system, the people said, declining to be named since the proposal hasn’t been made public. By Nicolle Yapur and Fabiola Zerpa. Full Text -> Reuteres
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