02-08-2018 20:54 via yahoo.com

Venezuela's Constituent Assembly legalizes money exchanges

By Vivian Sequera and Angus BerwickCARACAS (Reuters) - Venezuela's all-powerful Constituent Assembly on Thursday voted to legalize money exchange operations to relax the strict currency controls imposed by the social government that have throttled the oil-rich nation's economy.It is unlikely, economists say, that President Nicolas Maduro's government would do away completely with currency controls, first introduced by his predecessor, Hugo Chavez, in 2003 to curb capital flight.The decision appe
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