2 ms·
Then there are 2 currencies with an exchange rate and transaction fees to convert between them. The black market currency represents the true value whereas the
by NavinF 3y ago
Then there are 2 currencies with an exchange rate and transaction fees to convert between them. The black market currency represents the true value whereas the local currency is based on price controls.
Eg https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar#Currency_black_market https://en.wikipedia.org/wiki/Venezuelan_bol%C3%ADvar#Curren...