Personal Finance & Money Asked on September 30, 2021
Does there exist a VEF/USD (Venezuelan bolivar) spot or derivative market on any public exchange?
No, because the VEF is officially pegged to the USD at the rate of 6.35:1, so there is no official need for price discovery (which is the purpose of a market).
However, the official rate is not the black market rate, and the reason there's a black market is precisely because there's no regular market.
Answered by dg99 on September 30, 2021
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