Venezuela reveals rules for new forex platform
Caracas - XINHUA
Venezuela on Tuesday published rules for a new foreign exchange platform that the government hoped would ease the country's U.S. dollar shortages and suppress black market trading. The Sicad 2 platform allows public institutions to sell dollars at a higher price than the official rate of 6.3 bolivars, but lower than the black market prices of about 80 bolivars. The new platform is applicable for transactions in bonds, securities or cash, according to rules published in the official Government Gazette. The Central Bank will publish the daily price and may intervene "to avoid or counteract the impact of erratic fluctuations," it said.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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