Venezuelans finding it difficult to purchase airline tickets for foreign travel with bolivars

Posted on December 18, 2013 • Filed under: Latin America Aviation, TRAVEL, Venezuela

Bloomberg.com reported tickets from American Airlines Inc., Grupo Aeromexico SAB and Avianca Holdings SA among others have become harder to buy in Venezuela since September, as tighter currency controls make it more difficult for companies to convert bolivars into dollars. The shortage of greenbacks to fund imports of goods and services led the bolivar to decline 73 percent this year in the black market. Read Article

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