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-Venezuelan central bank planning to increase the supply of bolivars.

Global Banking News-February 5, 2013--Venezuelan central bank planning to increase the supply of bolivars(C)2013 ENPublishing -

Global Banking News - 05 February 2013

The central bank of Venezuela is considering increasing the supply of bolivars.

The apex bank is said to be looking to expand the supply of bolivars at the weaker of the two official exchange rates, a move that could attract more US dollars into the economy.

It is expected that the bank could expand the purchase of dollars at a rate of 5.3 bolivars, to lure foreign companies to invest more in the nation.

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Publication:Global Banking News (GBN)
Date:Feb 5, 2013
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