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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'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 Its Currency - WSJ

www.wsj.com/articles/SB10001424127887323951904578292383059267360

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.

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

www.bbc.co.uk/news/world-latin-america-21391984

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 bolívar by 32% - FT.com

www.ft.com/cms/s/0/6cfdb6ae-7243-11e2-896a-00144feab49a.html

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 't cut articles from FT.com and redistribute by email or post to the web.

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 Announces Currency Devaluation - Fox News Latino

latino.foxnews.com/latino/politics/2013/02/09/for-first-time-in-3-years-venezuela-devalues-currency/

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.

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

www.reuters.com

Feb 10, 2015 ... Venezuela announces new currency system, large devaluation seen. A cashier counts Venezuelan bolivar notes in a state-run supermarket in Caracas January 9, 2015. ... market, according to widely referenced website dolartoday.com. .... WASHINGTON U.S. home resales fell more than expected in July ...

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

www.bloomberg.com

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 against US dollar - Al Jazeera English

www.aljazeera.com

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.