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Although the parallel market is fantastic news for us tourists, it's an ominous sign for the people of Venezuela.
He noted that, since the prices of most commodities already reflected the parallel market exchange rate, devaluation was not expected to trigger further price increases.
Organizers are also introducing a parallel market dedicated to professionals called Business Street, which will be held on the famed Via Veneto.
According to research company GBI, the private online bookings represent a "parallel market of an additional 6.1m" overnight stays a year.
Branded contraceptive pills and painkillers have become tough or impossible to find in recent months without turning to the parallel market, he said.
Venezuelans have also resorted to bribery and a parallel market where they pay up to four times as much as the market price.
Similar(23)
This did not create as much dislocation as might have been expected simply because most transactions – even those by government agencies – already occurred at the parallel market-driven rate.
In recent years, Wall Street came up with what amounted to parallel markets.
It would have made for a more interesting thesis if Schlosser had examined whether these parallel markets need one another.
If prices are much higher in Scotland than in England, parallel markets, both legal and illegal, will emerge.
Typically, the parallel premium grows, the capital controls break down, and the official rate itself has to move.During post-war history, a great many so-called fixed exchange-rate regimes have in reality been "back-door" floats via dual and parallel markets.
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