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View Full Version : Chavez Spending Boom Seen Spurring 31% Devaluation Post-Election - Bloomberg



NewsWhore
08-01-2012, 08:30 AM
Chavez Spending Boom Seen Spurring 31% Devaluation Post-Election (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGXh-8yXFr1SA6gdXb6aZqoNyKQEg&url=http://www.bloomberg.com/news/2012-08-01/chavez-spending-boom-seen-spurring-31-devaluation-post-election.html)
Bloomberg
The government will weaken the official rate 31 percent to 6.2 per dollar in the first quarter, generating more revenue in local currency from each dollar of oil exports, according to the median estimate of 14 analysts surveyed by Bloomberg. Venezuela ...

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