FX changes mooted as oil price punishes Venezuela

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FX changes mooted as oil price punishes Venezuela

Oliver West
December 08, 2014 11:15 AM
Nicolas Maduro
Venezuela's President Nicolas Maduro holds up a small copy on the constitution during a meeting with leaders of the opposition at Miraflores presidential palace in Caracas, Venezuela, Thursday, April 10, 2014. Maduro's opponents blame his government for destroying the oil-rich economy and stamping out dissent. Meanwhile Maduro claims he's the target of U.S.-backed coup attempt. (AP Photo/Fernando Llano) | Fernando Llano/AP/Press Association Images

Venezuela’s oil export basket hit its lowest price since 2009 last week as analyst predict that the government will be forced to make economic adjustments — in partciular with regards to the convoluted exchange rate system.

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Oliver West
US Bureau Chief - Latin America Editor
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