Chavez says new forex rate "not far" above 4.3/dlr

CARACAS, May 20 (Reuters) - Venezuela's new foreign exchange rate to be set by the Central Bank should not be much above the highest current official rate of 4.3 bolivars to the dollar, President Hugo Chavez said on Thursday.
The central bank is taking over a "parallel" currency market, previously in private hands, where the bolivar had bombed to more than 8.0 to the dollar this year. (Reporting by Andrew Cawthorne)