In January 2020 Ron Santa Teresa an alcohol company specializing in rum launched on the stock market first for over a decade. Venezuela’s oldest running rum Company priced in bolivares Venezuelan’s national currency and is sitting at 10,000% inflation for the year. Its high but share prices tend to keep pace.
Nicolas Maduro Venezuela’s president has had a change of heart, from rampant socialism to a market-friendly approach. He has lifted price controls and restrictions on dollar transactions. He has allowed companies to issue securities, and he is even considering foreign investment in his State oil company.
Ron Santa Teresa sold a million shares that are equaling $300,000. For a market that only consists of 31 companies, that’s a promising sign.
Check out the stock here: https://www.investing.com/equities/ron-santa-teresa