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View Full Version : Chavez May Announce Devaluation, Goldman Sachs Says - Bloomberg



NewsWhore
03-20-2009, 01:10 PM
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Chavez May Announce Devaluation, Goldman Sachs Says (http://news.google.com/news/url?sa=T&ct=us/7-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DaKCaQv7hQvCI%26refer%3Dlatin_america&cid=1316230530&ei=A8HDSeXiBYWE7AOev7D6Dg&usg=AFQjCNHOymVGHpkPfP1Aicjt0fXFF8M4yw)
Bloomberg
The currency has declined 31 percent in the past six months in the unregulated market, where Venezuelans buy dollars when they can’t get government authorization to purchase at the official 2.15-per-dollar rate. Venezuela’s budget deficit could swell ...


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