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Venezuela tightens control of foreign exchange

November 7, 2013 • Business


President Nicolas Maduro arrives at the Military Museum to visit the tomb of the late President Hugo Chavez in Caracas, Venezuela, Tuesday, Nov. 5, 2013. Maduro’s decree establishing Dec. 8 as a public holiday in honor of Chavez was announced Tuesday. The holiday will commemorate Chavez’s final public appearance, when the cancer stricken leader anointed Maduro as his successor. (AP Photo/Ariana Cubillos)

CARACAS, Venezuela (AP) — President Nicolas Maduro is tightening control of Venezuela’s foreign exchange system and intensifying the pursuit of currency speculators that the government accuses of waging an “economic war” against his rule.

As mounting shortages and galloping inflation undermine Maduro’s Login to read more

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