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    Samples of Venezuela's currencies are displayed at the Central Bank building in Caracas February 10, 2015

    Venezuelan Bolivar Dropping Rapidly Against Dollar Amid Anti-Maduro Protests

    © REUTERS/ Jorge Silva
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    The Venezuelan bolivar is showing record lows against the dollar on the "black market" amid continuing protests against the government of President Nicolas Maduro, sparked by the recent institutional crisis.

    MEXICO CITY (Sputnik) – On Friday, the "black market" currency rate was 4,412 bolivars per dollar, according to Dolar Today, a website that monitors currency rates. At the start of April, one day after the announcement of the Venezuelan Supreme Court decision to assume the legislative functions of the country’s National Assembly, the rate was 3,451 bolivars per dollar.

    The court ruling has been reversed, however, tensions remain in the country, which is suffering from a severe economic crisis. Multiple anti-government protests have been held in Venezuela this month.

    On Thursday, Secretary General of the Organization of American States (OAS, or OEA) Luis Almagro Lemes accused the Venezuelan government of violent "repression" of the protests that have taken the lives of at least seven people, according to the latest media reports.

    Related:

    At Least Four Killed in Protests Against Maduro in Venezuela
    Anti-Government Protesters in Venezuela Come Under Fire of President Supporters
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    dollar, anti-government protests, drop, currency, Venezuela
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