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Venezuela Asks Twitter to Block Access to Black-Market Currency Information

Venezuelan officials have asked Twitter to block accounts offering links to websites publishing black-market currency-exchange rates. The government claims publication of such information damages the country’s economy by derailing government-enforced currency controls. The government has also asked ISPs in the country to block pages with black market exchange information. The official exchange rate is 6.3 bolivars per dollar, but with dollars scarce in the country, the black-market rate has been as high as 50 bolivars per dollar. Some people use Twitter to publicize websites offering the higher rate, to circumvent government controls. Venezuelan officials claim that shopkeepers are inflating prices based on the black-market rate and that this contributes to the nation’s annual inflation rate of about 55 percent. (Reuters)(Business News Americas)

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