The economy of Venezuela is largely based on the petroleum sector and
manufacturing. .... The bolivar, which has been suffering from serious inflation
and devaluation relative to .... Maduro's n...
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 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 ... 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.
Dec 11, 2015 ... Persistently low oil prices have dealt a huge blow to currencies in major ... A
devaluation could boost exports and cut down on the fiscal deficit, but ...
Venezuela ostensibly maintains a fixed exchange rate, but in reality, ...
Compounding the uncertainty for oil-producing currencies is the widely expected
Nov 12, 2013 ... The Bolivar currency's accelerating loss of purchasing power — the inevitable ...
A massive “official” devaluation is widely expected following the upcoming ... as
she waited in hopes of securing a “cut-price” television and fridge. ... In an ironic
twist, the national prosecutor announced that, in addition to store...
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 ... adjustment, bolivar devaluations have failed to boost international
competitiveness or ..... Source: IIF; *Expected; date yet to be announced.
Feb 15, 2016 ... In Venezuela, currency controls have recently evolved into travel ... whose trust in
the dollar is much higher than the devalued bolivar. ... On Wednesday, February
10, Venezuela's Official Gazette quietly announced the creation of the ..... Daisy's
articles are widely republished throughout alternative media.
Jul 10, 2007 ... The Venezuelan Economy in the Chávez Years ○ ii ... The most commonly held
view of the current economic expansion is ... of 2006, as would be expected in
the face of the very rapid economic growth ... Venezuelan currency is
substantially overvalued. The government is reluctant to devalue because this.
Jan 21, 2016 ... Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results ...
Devaluation of the Venezuela bolivar impacted revenue in the Venezuela,
Trinidad ..... Chile GeoMarkets due to customer budget cuts and currency
weakness. ..... in oil production, which was three times more than originally