Venezuela bolivar currency devaluation
Posted: Sat Feb 09, 2013 7:08 pm
Last week the government took its first step to increase the supply of dollars in the economy by channeling more of its oil exports revenue to the central bank. South America’s biggest oil producer is facing shortages of goods ranging from diapers to cars as the lack of dollars crimps imports. In the black market, the bolivar has weakened 53 percent to 18.39 per U.S. dollar in the past year, according to Lechuga Verde, a website that tracks the rate.
Read more: http://www.businessinsider.com/venezuel ... z2KRyOiUmb
Hugo Chavez really needs diapers since he is so full of crap.
Read more: http://www.businessinsider.com/venezuel ... z2KRyOiUmb
Hugo Chavez really needs diapers since he is so full of crap.