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View Full Version : Venezuela Faces 'Deep' Recession as Oil Prices Fall, BofA Says - Bloomberg



NewsWhore
06-13-2012, 12:20 PM
Venezuela Faces 'Deep' Recession as Oil Prices Fall, BofA Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGI2FgxXFD80Fs8CG2EZj5hXuwRNQ&url=http://www.bloomberg.com/news/2012-06-13/venezuela-faces-deep-recession-as-oil-prices-fall-bofa-says.html)
Bloomberg
The bolivar, which is pegged at 4.3 bolivars per dollar for “priority” imports and 5.3 bolivars per dollar in a central bank-administered currency market, has tumbled to a record low in an unregulated market as individuals and companies seek to buy a ...

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