With a change in leadership, Cubans began speculating that new president Raul Castro would end the two tiered currency system currently in place by trading the country’s convertible peso. From the Washington Post: Cubans swamped currency exchange offices Monday and early Tuesday in a brief but intense speculative frenzy fueled by rumors that new President Raúl Castro [...]

The Economist has an article highlighting the various methods currency traders are using to evade controls placed on the yuan in China. SINCE a police raid on her firm was broadcast on Chinese state television, To Ling has emerged as one of China’s more intriguing financiers. The 43-year-old Hong Kong resident operated a black-market foreign-exchange business [...]

As the policies of Venezuela President Hugo Chavez continues to create a black market, some currency traders has taken the opportunity to capitalize on it. According to the Wall Street Journal, some citizens are profiting from the price difference between the bolivar and the dollar. First, the reason for the black market: Since 2003, Mr. Chávez has more [...]