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by Jessica Wohl Reuters January 11, 2010 CHICAGO (Reuters) – U.S. companies doing substantial business in Venezuela, such as Avon Products Inc and Colgate-Palmolive Co, are bracing for the impact from the country’s currency devaluation. Venezuela is largely dependent on imports for consumer goods and the devaluation means many products will cost more for consumers. […] January 12th, 2010 | Tags: currency, Inflation | Category: Economy, United States, Venezuela | Comments are closed
Fausta’s Blog January 9, 2010 The headline reads, Venezuela Says Its Jets Intercepted U.S. Plane, but the real story is this: Separately, Mr. Chávez announced a currency devaluation for the first time since 2005. The president said Venezuela’s currency, the bolivar, will now have two government-set rates depending on the use, either 2.60 to the […] January 10th, 2010 | Tags: currency, Hugo Chavez | Category: Communism, Economy, Venezuela | Comments are closed
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