Chavez devalues Bolivar, establishes dual exchange rate

Saturday, January 9th 2010 - 14:18 UTC

Full article 3 comments

Venezuela devalued on Friday the official exchange rate of the Bolivar currency for the first time since March 2005, and created a second exchange rate for non-essential imports, to stimulate exports and close a fiscal deficit. Read full article

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h.
this is not remedy !!
if you have a Economy which exports - petrol - plus some other productions like ..Venezuela...Mexico..
then you must have different type deviced Economy ..!!
these are not as same as-- petrolic Arab -- countries
who they can not even grow parsley !!!!
Jan 09th, 2010 - 04:57 pm - Link - Report abuse 0
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Bubba
More evidence of the failed socialist theories of the 19th century..
Jan 10th, 2010 - 12:43 pm - Link - Report abuse 0
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geo
Venezuela's - quota- at IMF !!
8.070.792 miles de Bolivares !!
Jan 11th, 2010 - 02:48 am - Link - Report abuse 0
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