Retrieved from Caracas Chronicles
Urdaneta paints the picture of an economy susceptible to abuse: “This is amplified when you have individuals with privileged information on when these bolivar payments will be done and when there will be a peak in dollar demand, so they strategically diminish the dollars offered at the right time. The result is a savage spike on the dollar price. Whenever these spikes happen, the market eventually reestablishes itself after the possibility of pushing buyers disappears. It’s a cycle that repeats itself again and again.” By Victor Cuotto. Full Text -> CaracasChronicles
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