Friday, December 26, 2014 | Latest E-book
You are here: Home » Topics » » Venezuela » Videos

Venezuela currency controls make Scotch cheap as milk, syringes go short

Dec 24, 2014    

CARACAS (Reuters) - Venezuelan shoppers line up outside a Caracas liquor store to buy bottles of Buchanan's 12-year Scotch whisky at half the usual cost, a deal made possible by a state subsidy that gave cheap dollars to import them.The same subsidy, provided under the country's three-tiered exchange control system, helps a Caracas merchant do thriving business in Canadian pines - a Christmas luxury in the sweltering tropical nation.The socialist government of President Nicolas Maduro has even used the controls to subsidize Barbie dolls for Christmas shoppers by offering an exchange rate subsi...

Read More