The Ever-Growing Insanity of Venezuelan Exchange Controls

With soaring import demand due to double-digit inflation, collapsing local production of almost everything other than the ever-flowing black gold, and increasing regime uncertainty ever since the Comandante’s passing, there seems to be no end in sight for the bizarre efforts with which the Venezuelan government is trying to sustain foreign exchange controls.

If you want to get a good grasp of the whole shenanigan, make sure to read this, this and this, by Francisco Toro and Emiliana Duarte at Caracas Chronicles.

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