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 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 8, 2013 ... Venezuela devalued its bolivar currency by 32 percent on Friday in a widely ... in
a widely expected move to shore up government finances after blowout ....
Announcing the devaluation at a late afternoon news conference just before ... of
ECB · Oil dips as OPEC, Russian output rises ahead of production cut.
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 ... Venezuela's government announced Friday that it is devaluing the country's
currency, a long-anticipated change expected to push up prices in the ... The
devaluation had been widely expected by analysts in recent months, ... since
2010, and it pushed up the price of the dollar against the bolivar by 46.5%.
Dec 19, 2013 ... Venezuela is planning to devalue its currency in an effort to bring ... value of the
USD and weakening Venezuela's bolivar, resulting in skyrocketing ... per dollar
— effectively cutting the value of Venezuela's currency in half for foreigers. ... The
nation's gold industry is also expected to be made eligib...
Feb 8, 2013 ... The devaluation will set the bolívar at 6.3 instead of 4.3 to the dollar. The
expected move was aimed at solidifying government finances and ... CARACAS,
Venezuela — Venezuela announced Friday that it was devaluing its currency, a
step ... The move had been widely anticipated, but it had been unclear ...
Nov 24, 2016 ... Venezuela's currency – the so-called “strong bolivar” – is weakening beyond ... a
widely-watched website that tracks the exchange rate in Caracas. ... be available
at the floating DICOM rate, amounting to a 1,425.9% devaluation. ... Venezuelan
state oil company PDVSA announced Monday that creditors ...