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Chavez Cuts Bolivar By Half in First Devaluation Since 2005 – BusinessWeek

Venezuela devalued its currency by half yesterday, the first such action since March 2005, as President Hugo Chavez seeks to pull the economy from recession amid falling oil revenue.

http://www.businessweek.com/news/2010-01-08/venezuela-devalues-bolivar-for-first-time-since-2005-update1-.html

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