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Venezuela's Maduro accuses airlines of waging 'economic war'
Venezuela's Maduro accuses airlines of waging 'economic war'

Venezuela’s currency, the bolivar, hit a new low on black market exchanges Tuesday, and President Nicolas Maduro has lashed out at international air carriers for waging “economic war” in trying to collect the $3.5 billion the government owes them in ticket revenue. Unofficial currency traders were offering 100.93 bolivars to the dollar, more than 10 times the official rates of 6.3 bolivars (applied at banks and to government purchases of foreign goods and services) and 12 bolivars to the dollar for some businesses. A limited amount of greenbacks are available to some bidders at 50 bolivars to the dollar. The scarcity of dollars in Venezuela means businesses and...

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