Back

Latin American Economy & Business - September 2014 (ISSN 1741-7430)

Venezuela: Pdvsa and stealth devaluation

As we went to press on 25 September, the government led by President Nicolás Maduro announced new rules governing the sale by the state oil company Petróleos de Venezuela (Pdvsa) of US dollars to buy Bolívares Fuertes (BF) for payment of its mandatory contributions to the off- budget national development fund, Fonden.

End of preview - This article contains approximately 652 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.