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Economy of Venezuela

en.wikipedia.org/wiki/Economy_of_Venezuela

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...

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

www.reuters.com/article/us-venezuela-economy-idUSKBN0LE1RS20150210

Feb 10, 2015 ... Venezuela announces new currency system, large devaluation seen. A cashier counts Venezuelan bolivar notes in a state-run ... But dollars fetch nearly 190 bolivars on the black market, according to widely referenced website dolartoday. com. ... WASHINGTON U.S. housing starts fell more than expected in ...

Venezuela Hikes Gas Price, Devalues Bolivar as Economy Tanks ...

www.bloomberg.com/news/articles/2016-02-17/venezuela-raises-gasoline-prices-for-first-time-since-1996-ikrf0ppn

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 ...

Venezuela devalues currency for first time since 2010 | World news ...

www.theguardian.com/world/2013/feb/08/venezuela-devalues-currency

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.

Venezuela's currency: The not-so-strong bolívar | The Economist

www.economist.com/blogs/americasview/2013/02/venezuela’s-currency

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 ...

Venezuela devalues currency - Telegraph

www.telegraph.co.uk/finance/economics/9859005/Venezuela-devalues-currency.html

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 Amid Shortages and Inflation - The ...

www.nytimes.com/2013/02/09/world/americas/venezuela-devalues-currency-amid-shortages-and-inflation.html

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, VenezuelaVenezuela announced Friday that it was devaluing its currency, a step ... The move had been widely anticipated, but it had been unclear ...

Venezuela sharply devalues its currency - The San Diego Union ...

www.sandiegouniontribune.com/sdut-venezuela-sharply-devalues-its-currency-2013feb08-story.html

Feb 8, 2013 ... Venezuela's government announced Friday that it is devaluing the country's currency, a long-anticipated change expected to push up prices in ... of the new Venezuelan currency, coined the 'Strong Bolivar' in Caracas, Venezuela. ... The devaluation had been widely expected by analysts in recent months, ...

Download PDF - The Institute of International Finance

www.iif.com/file/8920/download?token=Oh2Rfqvd

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.

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Absent Chavez devalues Venezuela currency to aid government ...

www.reuters.com

Feb 8, 2013 ... Venezuela devalued its bolivar currency by 32 percent on Friday in a widely ... Friday, in a widely expected move to shore up government finances after blowout .... Announcing the devaluation at a late afternoon news conference just ... U.S. retail sales, factory output slump; third-quarter growth forecast cut ...

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

www.bbc.co.uk

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 ...

Chavez Devalues Venezuela's Currency - WSJ

www.wsj.com

Jan 9, 2010 ... The move cuts Mr. Chavez's two-year-old "strong bolivar" currency by half – to ... Announcing the devaluation on state television, Mr. Chavez ...