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Citibank to close certain Venezuela accounts
Reuters ^ | 7-12-16 | Sruthi Shankar

Posted on 07/12/2016 5:04:05 PM PDT by dynachrome

Due to strict currency controls in place since 2003, the Venezuelan government relies on Citibank for foreign currency transactions.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: accounts; citibank; venezuela
No one wants bolivars anymore?
1 posted on 07/12/2016 5:04:05 PM PDT by dynachrome
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To: dynachrome

Used it to by all the Venezuela gold with thier worthless currency at the official exchange rate.... :-)


2 posted on 07/12/2016 5:10:42 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: dynachrome
No one wants bolivars anymore?

They still have some uses. I hear they're cheaper than toilet paper in Venezuela now.

3 posted on 07/12/2016 5:40:07 PM PDT by SeeSharp
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To: dynachrome

How is Uggo Chavez’s daughter going to pay her AMEX Black card bill if Citi closes her $4 billion account?


4 posted on 07/12/2016 11:34:28 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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