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Venezuela to block currency information - Business Insider
Some ruling-party politicians in Venezuela will stop at nothing to hide the jaw-dropping fall of the country's currency, the bolivar, against the dollar.
The bolivar has declined 30% in the past month.
Citizens aren't supposed to know that, but they do because of because an app called DolarToday has all the information.
President Nicolas Maduro has said the app's very existence is "economic war" on the country, and it is banned in Venezuela. Back in March the government's attempt to block the app also took out websites like Amazon, Snapchat, and Pinterest.
Venezuelans have been getting around all of that, though, by using Twitter and other websites that pick up DolarToday's content.
This trend led one legistlator, Juan Carlos Alemán, to suggest that Venezula should take on Google and Mozilla, the maker of the Firefox web browser.
Alemán went on TV Monday and said "the problem is that we rely on servers like Google and Firefox that are search-engine technology that we don't have under our national control."
Alemán said that Venezuala's Ministry of Science, Technology, and Innovation was working on a way to use the country's satellites "so that we can assert our independence and control this situation."
Venezuela's inflation rate hit 69% in December, according to Bloomberg. The black-market-bolivar-to-dollar exchange rate surged from 279 bolivars to the dollar at the beginning of this month to as much as 423 bolivars to the dollar recently.
Some ruling-party politicians in Venezuela will stop at nothing to hide the jaw-dropping fall of the country's currency, the bolivar, against the dollar.
The bolivar has declined 30% in the past month.
Citizens aren't supposed to know that, but they do because of because an app called DolarToday has all the information.
President Nicolas Maduro has said the app's very existence is "economic war" on the country, and it is banned in Venezuela. Back in March the government's attempt to block the app also took out websites like Amazon, Snapchat, and Pinterest.
Venezuelans have been getting around all of that, though, by using Twitter and other websites that pick up DolarToday's content.
This trend led one legistlator, Juan Carlos Alemán, to suggest that Venezula should take on Google and Mozilla, the maker of the Firefox web browser.
Alemán went on TV Monday and said "the problem is that we rely on servers like Google and Firefox that are search-engine technology that we don't have under our national control."
Alemán said that Venezuala's Ministry of Science, Technology, and Innovation was working on a way to use the country's satellites "so that we can assert our independence and control this situation."
Venezuela's inflation rate hit 69% in December, according to Bloomberg. The black-market-bolivar-to-dollar exchange rate surged from 279 bolivars to the dollar at the beginning of this month to as much as 423 bolivars to the dollar recently.