Black Market Rate

February 19, 2015 4:38 PM

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Venezuelans are lining up to change money as the country allows banks and money exchangers to trade dollars at a rate near the country's black currency market.

The South American country debuted a new exchange system last week aimed at easing the country's economic crisis. Last week, the system went into effect for foreign credit cards. On Thursday, Venezuelans got their first crack at trading local cash for paper dollars.

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