Central Bank of Venezuela Doubles Down in Cyber Terrorism Website Lawsuit

[metalbot]

On Friday, lawyers for the Central Bank of Venezuela (CBV) filed a new amended civil complaint against DolarToday, the US-based website that publishes a daily unofficial exchange rate between American dollars and Venezuelan bolivares.

The Venezuelan government has made it a crime to publish the street trading rate as it countermands the "official" exchange rates, which are far more favorable to the government. The recent collapse of the price of oil has exacerbated Venezuela's economic woes; the country is widely expected to default on its international debts later this year.

Late last month, US District Judge Gregory Sleet ruled in favor of DolarToday’s earlier motion to dismiss. In his two-page ruling, Judge Sleet found that the CBV lacked standing and dismissed the case. However, he allowed the CBV to file an amended complaint within seven days, which it has now done.

http://arstechnica.com/tech-policy/2016/03/central-bank-of-venezuela-doubles-down-in-cyber-terrorism-website-lawsuit/

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The rest of the article is also fascinating (including the legal arguments they are using now for standing)

[Lucky Luciano]

1. They got nothing to stand on.

(I have not read the article though).

If they want to keep bolivars pegged to the dollar, then sell USD reserves. Simple really...if they have the USD. If they don't, then they can't. Black market will then prevail no matter what.