Currency Re-Denomination Will Not Halt Collapse
Banking & Financial Services / Venezuela / Mon 16 Apr, 2018
BMI View: The depreciation of the Venezuelan bolivar will not slow in the months ahead, as the Venezuelan government will do little to address the fundamental drivers of depreciation.
- The Venezuelan bolivar (VEF) will continue to depreciate at a rapid pace in both the official and black markets in 2018.
- The re-denomination of the currency will