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 11, 2013 ... In the seventh devaluation during the presidency of Hugo Chávez, ... Since he
took office in 1999, the cost of the dollar in bolívar terms ... GDP is expected to
stagnate in 2013, while inflation continues to rise. ... And the bolívar will face
even more downward pressure now that the government has announced ...
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.
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 8, 2013 ... Venezuela's government devalued its currency by 32 per cent, in a bid to
alleviate a ... Although the move is expected to ease pressure on strained fiscal ...
The government also announced that its system of foreign currency ... Please don
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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.
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.
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.