Venezuelans mob stores to make purchases before currency devaluation

Posted on February 13, 2013 • Filed under: Business, Economy, Venezuela

afp.com reported that Venezuelans swamped stores to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 percent currency devaluation. Venezuela will devalue its currency against the US dollar from Wednesday on the orders of President Hugo Chavez, who is convalescing in Cuba following cancer surgery in December. Read Article

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