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View Full Version : Chavez May Devalue Bolivar to Boost Spending Before Vote, Barclays Says - Bloomberg



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12-20-2011, 06:20 PM
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Chavez May Devalue Bolivar to Boost Spending Before Vote, Barclays Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFL8oeJBatM_fykaljyaa3TQ91syw&url=http://www.bloomberg.com/news/2011-12-20/chavez-may-devalue-bolivar-to-boost-spending-before-vote-barclays-says.html)
Bloomberg
Chavez, who has weakened the bolivar&#39;s official peg to the US dollar by 50 percent since January 2010, may opt to devalue the currency for a third time in two years to free up $20.7 billion in money that could be used to bolster spending during the ...

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