Venezuela’s economy is slowly collapsing, crushed by the pressure of a falling oil prices and the accumulated weight of decades of mismanagement. Venezuela’s currency, the bolivar, is overvalued and artificially propped up by an arcane system of currency controls. The bolivar, like Venezuela’s economy, is trapped in a downward spiral.
How Venezuela's Economic Crisis Hurts U.s. Companies
Nathaniel Parish Flannery, Contributor, Forbes
Wed, 02/18/2015 - 7:01am
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