MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
921 DAILY BANGALORE,INDIA 10THFEB 2013 Pages - 4 $.
1/-USD
Venezuela...
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MONEY & RATES BANKING & FINANCE INFORMATIONTECHNOLOGY ADVERTISING & MARKETING INTERNATIONAL BUSINESS
In Brief
Fortune World
ECONOMY & POLITICS
RNI NO:KARENG/2010/353381 VOL : 3 ISSUE.
NO.
921 DAILY BANGALORE,INDIA 10THFEB 2013 Pages - 4 $.
1/-USD
Venezuela s currency is
being devalued in a move
expected to push up prices
in the heavily import-reliant
economy.
Government officials in
Caracas said the fixed exchange rate is changing
from 4.
30 bolivars to the
dollar to 6.
30 bolivars to the
dollar.
The devaluation had
been widely expected by
analysts in recent months,
though experts had been
unsure whether the government would act while PresidentHugoChavezremained
out of sight in Cuba recovering from cancer surgery.
It was the first devaluation
to beannounced byhis government since 2010, and it
brought down the official
valueof thebolivar by46.
5%
Venezuela devalues bolivar currency
against the dollar.
Byboostingthebolivar value
of Venezuela s dollar-denominated oil sales, the
change
Less
