(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 the bonds to
banks including Citigroup Inc.'s local unit in an effort to
contain the bolivar's decline in the unofficial dollar market,
the 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 the bonds to
banks including Citigroup Inc.'s local unit in an effort to
contain the bolivar's decline in the unofficial dollar market,
the 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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