Venezuela to auction US dollars to businesses

Associated Press
Venezuela to auction US dollars to businesses

Venezuela’s Minister of Planning and Finance Jorge Giordani shows a graph titled "Currency auction method process" at a press conference about currency controls in Caracas, Venezuela, Tuesday, March, 19, 2013. Giordani says U.S. dollars will be auctioned off to privately owned businesses that import and sell food and medicine. Venezuela has maintained strict currency controls since 2003, leading to complaints from businesses about a dearth of dollars and creating a currency black market. (AP Photo/Ariana Cubillos)

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