Pages

Tuesday 22 October 2013

Official and parallel rate generally unify at the parallel rate

The official and real (often the parallel) exchange rate with the US Dollar generally unify at the parallel rate. This is now happening in Cuba. Eventually it will also happen in Venezuela and Belarus.

Cuba to scrap dual-currency system (BBC)

Nicolaas Smith 

Copyright (c) 2005-2013 Nicolaas J Smith. All rights reserved. No reproduction without permission.

No comments:

Post a Comment