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26 cuffed in currency crackdown

June 09, 2025

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Bangkok Post

Venezuelan authorities have detained 26 people in a fresh crackdown on the dollar black market, bringing the total number of arrests in recent days to 50, the country's top prosecutor said on Saturday.

"The total number of detainees for economic crimes and illegal sale of foreign currency... is 50," Attorney General Tarek William Saab told AFP.

The arrests come as Venezuela's government seeks to rein in a foreign exchange black market that developed after a 2018 decision to allow the use of US dollars to pay for goods and services in the country.

That decision aimed to deal with the effects of runaway inflation that rendered the domestic currency, the bolivar, essentially worthless.

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