Venezuela devalues currency by 28.7%

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World Edited By Laurent Belsie March 1, 1983

Caracas — Venezuela announced a partial devaluation of the bolivar. The 28.7 percent devaluing was part of a plan to counter capital flight and the effects of declining oil revenues - and came after a week-long suspension of foreign-currency sales.

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Venezuela devalues currency by 28.7%

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World Edited By Laurent Belsie March 1, 1983

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