Business, Politics

Chavez restricts brokers

By Andy Rice 18 August 2010

The President of Venezuela, Hugo Chavez, has signed into law a new bill which bars brokers in Venezuela from trading the local bolivar currency as well as public-sector dollar-dominated debt. The bill means that private brokers will only be able to trade in local equities and private sectors securities. The move is mostly symbolic, as there was almost no initial public offering or investment banking in Venezuela last year. Chavez faces legislative elections in September, and he's blaming private brokers for country's inflationary and currency woes. Read more: Reuters



While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.

Constitutional Court ruling

Personal, home-based consumption of cannabis is decriminalised

By Nkateko Mabasa