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Chávez announces his threat to close brokerages on his weekly TV programme Alo Presidente |
Hugo Chávez, the president of Venezuela, has decided to ban securities brokerages to try to curb the parallel foreign exchange market and to stem the sharp depreciation of the country’s currency, the bolivar, this year. During an appearance on state television on May 14, Chávez said he was prepared to close the brokerages – the larger of which are controlled by the nation’s main banks.
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