Will Spring Bring a Bolivar Deval?
February 27, 2007 In recent years, March has become the month to watch for bolivar devaluations. It is no surprise then that treasurers and local economists are carefully watching for hints that another is forthcoming. This is particularly an issue in the current environment in Venezuela: On January 31, Venezuela’s president, Hugo Chavez, was granted the power to rule by decree for 18 months, and is wasting no time nationalizing businesses. The complete article is available to iTreasurer subscribers only. Login Or Subscribe now.
