US court dismisses Venezuela suit against currency tracker

  • 2/5/2023
  • 17:55
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CARACAS, Venezuela, Jumada I 18, 1437, Feb 27, 2016, SPA -- A U.S. court has dismissed a lawsuit filed by Venezuela's Central Bank against an apparently U.S.-based website that tracks the plummeting black market value of the South American country's currency. The Delaware district court said Friday it was dismissing without prejudice the complaint against the website DolarToday. The judge signing the decision agreed with DolarToday that the court didn't have jurisdictional authority to consider the issue. The Central Bank received seven days to file an amended complaint that might meet jurisdictional muster. Venezuela has the world's highest inflation and its government accused DolarToday of publishing fake rates, intentionally driving the bolivar's value. It hoped to close the operation, AP reported. Venezuela tightly controls the legal exchange of its currency using a byzantine three-tier system, but many people use a parallel black market. 03:39 LOCAL TIME 00:39 GMT www.spa.gov.sa/w

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