Protests Continue In Venezuela As The Currency Collapses

Bloomberg: The Meltdown in Venezuela's Currency Is Deepening

The black-market rate for the bolivar plunges beyond 8,700 per dollar for first time

The meltdown in Venezuela’s currency is deepening as a crippling dollar shortage and a threat of oil sanctions take their toll on the economy. The black-market rate for the bolivar traded weaker than 8,700 per dollar for the first time, according to dolartoday.com on Friday, compared with the official rate of around 10 and a more widely used alternative rate of 2,757. That’s creating an illusion for foreigners observing the country’s stock market, which appears to be valued at $2.57 trillion -- bigger than Germany’s, France’s, India’s or Canada’s -- but is worth only $3 billion based on the black-market rate.

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More News On The Unrest In Venezuela

Venezuelans Are Now Paying 1000 Times More For US Dollars Than They Did In 2010 -- Zero Hedge
Venezuelan's opposition to hold two-day strike against Maduro -- Reuters
Venezuelans protest Maduro’s plan to rewrite constitution -- AP
Violence flares in Caracas at anti-Maduro march, violinist hurt -- Reuters
Venezuelans protest Maduro's bid to amend constitution -- Al Jazeera
Venezuelan violinist Wuilly Arteaga hurt in protest -- BBC
'I will be back': Violin-playing face of Venezuela's protests injured in clashes -- The Guardian
Venezuela row as National Assembly appoints judges -- BBC
Venezuela's Supreme Court Declares Opposition's Judges Invalid -- Prensa Latina
US weighs financial sanctions to hit Venezuela's oil revenue, sources say -- NBC/Reuters
Venezuela's Perfect Storm for Oil May Be About to Break -- Liam Denning, Bloomberg
As Venezuela teeters on constitutional crisis, Miami lawmakers warn of a new Cuba -- McClatchy
The heartbreak of victims’ families in Venezuela fuels the resistance against Maduro -- Eduard Freisler, Miami Herald
“There’s no middle ground” -- Tim Hume, VICE News