A collaborative blog for Principles of Microeconomics taught by Edward Millner @ Virginia Commonwealth University.
Tuesday, December 13, 2016
More on Venezuela
Venezuela closed its Colombia border to fight currency smuggling. The 72-hour shutdown will help it fight “mafias” smuggling hard-to-find cash, said president Nicolas Maduro. The move comes after the inflation-ravaged country yanked its largest-denomination bill—now worth just $0.02—from circulation.
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