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 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 ...
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 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.
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 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 ... 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 ...
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, ...
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.