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LatinNews Regional Monitor: Andean Group - 28 May 2019

Venezuela: Dollar shortages complicate efforts to ease capital controls

On 10 May, Venezuela’s Central Bank outlined changes to the country’s exchange rate system that were essentially presented as an effort to ease stringent capital controls that have been in place for several years. However, severe shortages of US dollars in the domestic economy mean that these changes have little impact on the everyday supply of foreign exchange.

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