By: Benzinga
February 08, 2013 at 16:00 PM EST
Venezuela Devaluation Having Mixed Impact on ETFs
After announcing a 3.3 percent increase in January inflation earlier today, the Venezuelan government has announced it will devalue the bolivar to 6.3 per U.S. dollar from 4.3. Venezuela, a member of the Organization of Petroleum Exporting Countries (OPEC), is grappling with rampant inflation, which may have prompted the currency
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