Venezuela central bank reports new DICOM exchange rate

By Kitco News / February 05, 2018 / www.kitco.com / Article Link

CARACAS, Feb 5 (Reuters) - Venezuela's central bank on Monday said its new DICOM exchange rate would be at 30,987.5 bolivars per euro in its first auction.

DICOM is now the country's only official exchange rate, though on the black market a dollar fetches 228,000 bolivars.

Last week, the central bank removed the stronger DIPRO exchange rate of 10 bolivars per dollar.


(Reporting by Caracas newsroom; Writing by Alexandra Ulmer and Girish Gupta; Editing by Leslie Adler)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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