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Venezuela: Devaluation of the Bolivar

Description

On 8 January 2010, the Venezuelan government announced the devaluation of the Bolivar. Instead of the existing fixed exchange rate at 2.15 Bs/US Dollar, the government now operates a two-tier system. ...

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Intervention Details

Intervention Type

Competitive devaluation

MAST Chapter

G: Finance measures

Implementation date

11 Jan 2010

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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