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Economy of Venezuela


The economy of Venezuela is largely based on the petroleum sector and manufacturing. .... The bolivar, which has been suffering from serious inflation and devaluation relative to .... Maduro's n...

Venezuela devalues currency by 32% against the dollar - BBC News


Feb 9, 2013 ... In a widely expected move, Venezuela cuts the value of its currency by 32% ... Image caption The devaluation of the bolivar is expected to have an impact ... It was announced after Vice-President Nicolas Maduro's return from ...

Venezuela devalues currency - Telegraph


Feb 8, 2013 ... Venezuela's government is devaluing the country's currency, ... The devaluation had been widely expected by analysts in recent ... first devaluation to be announced by Chavez's government since 2010, ... down the official value of the bolivar by 46.5pc against the dollar. ... Cardboard cut-out of Ed Miliband.

Venezuela devalues currency against US dollar - Al Jazeera English


Feb 9, 2013 ... Bolivar loses 32 percent of its value against the dollar in move the ... Venezuela is devaluing its currency by 32 percent against the dollar on the ... But another effect is to cut the deficit, which in Venezuela last year ... The change had been widely expected by analysts and business leaders since last year.

The Fuse | Why Low Prices Are Crushing Currencies in Oil ...


Dec 11, 2015 ... Persistently low oil prices have dealt a huge blow to currencies in major ... A devaluation could boost exports and cut down on the fiscal deficit, but ... Venezuela ostensibly maintains a fixed exchange rate, but in reality, ... Compounding the uncertainty for oil-producing currencies is the widely expected move ...

Socialist Venezuela Spirals Into Chaos as Troops Seize Companies


Nov 12, 2013 ... The Bolivar currency's accelerating loss of purchasing power — the inevitable ... A massive “official” devaluation is widely expected following the upcoming ... as she waited in hopes of securing a “cut-price” television and fridge. ... In an ironic twist, the national prosecutor announced that, in addition to store...

Download PDF - The Institute of International Finance


Mar 18, 2015 ... Brazil, Argentina and Venezuela (60% of regional GDP) will be a heavy ... aftermath of the 2008 global crisis, reliance on local currency depreciation to absorb the ... adjustment, bolivar devaluations have failed to boost international competitiveness or ..... Source: IIF; *Expected; date yet to be announced.

read my mind: Venezuela Is Out of Food! Who's Next?


Feb 15, 2016 ... In Venezuela, currency controls have recently evolved into travel ... whose trust in the dollar is much higher than the devalued bolivar. ... On Wednesday, February 10, Venezuela's Official Gazette quietly announced the creation of the ..... Daisy's articles are widely republished throughout alternative media.

Download the article - Venezuelanalysis.com


Jul 10, 2007 ... The Venezuelan Economy in the Chávez Years ○ ii ... The most commonly held view of the current economic expansion is ... of 2006, as would be expected in the face of the very rapid economic growth ... Venezuelan currency is substantially overvalued. The government is reluctant to devalue because this.

Schlumberger Announces Fourth-Quarter and Full-Year 2015 Results


Jan 21, 2016 ... Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results ... Devaluation of the Venezuela bolivar impacted revenue in the Venezuela, Trinidad ..... Chile GeoMarkets due to customer budget cuts and currency weakness. ..... in oil production, which was three times more than originally expected.

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Venezuela announces new currency system, large devaluation seen ...


Feb 10, 2015 ... Venezuela announces new currency system, large devaluation seen ... A vendor counts bolivar notes at her stall in Caracas on February 10, 2015. ... oil prices · Venezuela debt rating cut by Moody's as oil prices continue falling ... on the black market, according to widely referenced website dolartoday.com.

Venezuela - Fortune


Schlumberger Cutting Venezuela Work Because the Country Has No Cash April 13, 2016 ... 4 Steps To Fix Venezuela's Economy February 20, 2016 ...

Venezuela postpones inauguration for cancer-stricken Chavez ...


Jan 8, 2013 ... Argentine President Cristina Fernandez has announced plans to visit Chavez in Havana on Friday. ... It is widely expected to announce an interpretation of the ... attacks on the opposition and televised ribbon-cutting ceremonies. ... a widely expected devaluation of the bolivar currency, appear to be on hold.