Venezuela’s Bolivar is Devalued by 32%, Shortage of Dollars

Posted on 02/08/2013

In the fifth occurrence in nine years, the government of Venezuela has devalued their currency again. The Venezuelan government is attempting to mitigate the shortage of dollars in the economy. In addition, the devaluation of the bolivar can assist in narrowing the government’s fiscal budget. Venezuelan Finance Minister Jorge Giordani said the government will weaken […]

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