Venezuela's Bolivar Weakens To Lowest Level In Seven Months/ "Mientras más aumente el dólar paralelo más incentivo tiene el BCV de emitir bonos"

he Venezuelan bolivar weakened Tuesday to its lowest level in seven months as a halt in sales of dollar-denominated bond by the central bank continued to rattle traders. The bolivar declined Tuesday to VEF6.78 per dollar, its weakest level since Aug. 17, traders said. The continued slide in the currency in unregulated trading is turning into an embarrassing setback for the administration of President Hugo Chavez, which has pledged to boost the local currency ( full information)/ Para Carlos De Sousa, economista de la firma Ecoanalítica, "La mayor parte del alza del dólar paralelo no necesariamente está relacionada con mayor demanda, sino con mucha menos oferta". Recuerda que hasta el pasado año los principales oferentes del sector público en el mercado paralelo eran Petróleos de Venezuela y la Tesorería Nacional ( información completa)