Venezuelan Government Blinks, Devaluing Currency
January 18, 2010 3 min. read

The Venezuelan government finally blinked when it came to financial pressures by devaluing its currency on January 8th. The rate of the Bolivar Fuerte had been pegged at 2.15 to the dollar and is now 2.6 for essential supplies and 4.3 for luxury goods. Last week the value of the dollar on the parallel market […]

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