Arab Today, arab today venezuela asks twitter to block accounts posting dollar rate
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Venezuela asks Twitter to block accounts posting dollar rate

Arab Today, arab today

Arab Today, arab today Venezuela asks Twitter to block accounts posting dollar rate

Caracas - AFP

Venezuela on Tuesday asked Twitter to block the accounts of users who are posting the unofficial dollar exchange rate -- illegal in a country that has had strict currency controls since 2003. The state telecom regulator Conatel sent an "urgent" letter to Twitter headquarters in San Francisco, California, asking them to "block the accounts and users of its web site which illegally listed currency in Venezuela," the agency explained on its web site. According to Venezuelan law, it is illegal to publish the black market exchange rate, which is eight times higher than the official rate of 6.3 bolivars per dollar. The government argues doing so encourages speculation and accelerates inflation. The agency wrote that publishing the black market rate for dollars on Twitter is "highly burdensome for the Venezuelan economy and potentially harmful for the Internet service providers that do not block the content." The US company did not immediately respond to a request for comment. Conatel's request seeks to block the 50 web sites closed November 9 by the government from taking to Twitter to circumvent the official ruling. The sites, although illegal, had existed for several years and published the unofficial exchange rate -- and if they were shut down, they would quickly reappear under different names. The only official way to obtain dollars in Venezuela is through the so-called currency management agency (Cadivi), which sells them at 6.3 bolivars to the dollar, or through auctions organized by the central bank, in which dollars can go for 10 to 12 bolivars for a dollar.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today venezuela asks twitter to block accounts posting dollar rate Arab Today, arab today venezuela asks twitter to block accounts posting dollar rate

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today venezuela asks twitter to block accounts posting dollar rate Arab Today, arab today venezuela asks twitter to block accounts posting dollar rate

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday