CHAPTER 6:The Venezuelan political and economic crisis deepened in late 2002 and early 2003. On January1, 2003, the bolivar (the Venezuelan currency) was trading at Bs1400/$. By February 1, its valuehad fallen to Bs1950/$. Many currency analysts and forecasters predicted that the bolivar wouldfall an additional 40% from its February 1 value by early summer […]
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