(Bloomberg) -- Venezuela's bolivar rose to a two-
week high in unregulated trading after the government sold bonds
denominated in foreign currencies to commercial banks.
The government sold an undetermined amount of foreign
currency bonds to banks including Citigroup Inc.'s local unit in
an effort to contain the bolivar's decline in the unofficial
dollar market, weekly newspaper Descifrado.com said citing
people familiar with the transaction. The bonds were sold at the
official exchange rate of 2,150 bolivars to the dollar,
Descifrado.com said.
Read more at Bloomberg Currencies News
week high in unregulated trading after the government sold bonds
denominated in foreign currencies to commercial banks.
The government sold an undetermined amount of foreign
currency bonds to banks including Citigroup Inc.'s local unit in
an effort to contain the bolivar's decline in the unofficial
dollar market, weekly newspaper Descifrado.com said citing
people familiar with the transaction. The bonds were sold at the
official exchange rate of 2,150 bolivars to the dollar,
Descifrado.com said.
Read more at Bloomberg Currencies News
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