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Devaluation

Currency Devaluation: First Venezuela; Next, China?

Currency Devaluation: First Venezuela; Next, China?

By Jason Busch on January 18, 2010

Venezuela, the most recent former democracy to fall into the hands of
a truly kooky dictator with nationalist ambitions, recently devalued the bolivar in an attempt to shore up its challenged currency. A recent Reuters wire story captured the esse…

Posted in Trends & Concepts | Tagged bolivar, China, currency, Devaluation, Exchange rate, Hugo Chavez, Inflation, Venezuela | 2 Responses

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