Dollar today
The rate today is $44.50 to $1(compra-purchasing by agent). Vimenca sells only $100 dollars at $45.50(a joke). In larger amounts you can only find it in the streets at over $52. The profit gap gets larger. The conspiracy continues.
Banco Central has announced a decision to sell US$20 million dollars to the energy suppliers so they don't have to pay high street rates to pay their oil bill this month, therefore reducing the pressure on the dollar rate. This is contrary to their policy and the law, as it violates the rules concerning the free floating of the U.S. currency. This will add another reduction of $20 million to the $24 million loss on reserves from last month. At this rate Banco Central will have zero reserves by September. But Banco Central is a PPH electoral petty cash machine and Hippo holds their strings. BC Chairman Jose Lois Malkum either has the choice to resign or follow Hipolito's order to do as he pleases. Malkum being a yes man will not resign.
TW
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