Washington Post: Maligned Dollar Flourishes in Venezuela

“Essentially, they’ve hit a plateau, and Venezuela’s oil production hasn’t gone up,” said Russell Dallen, head trader at Caracas Capital Markets and a longtime student of Venezuela’s economy. “What that really means is that Venezuela doesn’t have enough dollars to pay for all the things that they need to pay with dollars.”

https://www.washingtonpost.com/world/the_americas/maligned-dollar-flourishes-in-venezuela/2013/05/16/7ce637fc-bdbc-11e2-b537-ab47f0325f7c_story.html?utm_term=.48f4d513efce