CARACAS, Jan 8 (Reuters) - Venezuela's President Hugo Chavez said on Friday the government was devaluing the bolivar currency, with two rates of 2.6 and 4.3 to the dollar.
The bolivar has been fixed at 2.15 to the dollar since 2005, though it trades much higher on a secondary, black market.
(Editing by Andrew Hay) Keywords: VENEZUELA ECONOMY/DEVALUATION (andrew.cawthorne@thomsonreuters.com; +58 212 277 2700; Reuters Messaging: andrew.cawthorne.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The bolivar has been fixed at 2.15 to the dollar since 2005, though it trades much higher on a secondary, black market.
(Editing by Andrew Hay) Keywords: VENEZUELA ECONOMY/DEVALUATION (andrew.cawthorne@thomsonreuters.com; +58 212 277 2700; Reuters Messaging: andrew.cawthorne.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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