The economy of Venezuela is largely based on the petroleum sector and
manufacturing. .... The bolivar, which had been suffering from serious inflation
and devaluation .... According to Bank of Ameri...
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 ...
Feb 17, 2016 ... Venezuela hiked gasoline prices for the first time in almost two ... Maduro also
announced a 20 percent increase to the country's minimum wage effective March
1. ... of gross domestic product include a “sharp” currency devaluation, a hike in
gasoline and electricity prices and spending cuts, Barclays Plc ...
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.
Feb 8, 2013 ... Widely forecast devaluation expected to push up prices in import-reliant economy
. ... Venezuela has changed the fixed exchange rate from 4.30 bolivars to the ...
Venezuela's government announced on Friday that is devaluing the ... has
flourished and the value of the bolivar has recently been eroding.
Feb 9, 2013 ... Venezuela's government has had strict currency exchange controls since 2003 ...
The devaluation had been widely expected by analysts in recent ... and it pushed
up the price of the dollar against the bolivar by 46.5 percent.
Feb 17, 2016 ... Venezuela's president, Nicolás Maduro, has announced the first rise in ... said
Venezuela needed a sharp currency devaluation, spending cuts ...
Feb 13, 2013 ... CARACAS, Venezuela (AP) — Venezuela devalued its currency on Wednesday
amid ... of the new Venezuelan currency, coined the 'Strong Bolivar' in Caracas,
Venezuela. Venezuela's government announced Friday, Feb. ... the devaluation
because the measure had been widely expected for months and ...
Feb 9, 2013 ... CARACAS—Venezuela devalued its currency against the dollar on Friday, ... The
devaluation was widely expected sometime this year after the ... on the black
market, where the value of the bolívar has slid to 18 per dollar. .... in international
markets costly and Venezuela cut back on bonds sales last year.
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 ... forced to resort to periodic massive devaluations of the bolivar
against the dollar in ..... Source: IIF; *Expected; date yet to be announced.