VideoThe Americas

Chavez Moves to Devalue the Bolivar

NewsHour interviews Michael Shifter from the Inter-American Dialogue.Shifter explains that Venezuelan President Hugo Chavez's latest move todevalue the national currency is a last ditch attempt to stabilize theeconomy that is so heavily reliant on oil revenues. Shifter says thatin Venezuela, the price of oil directly effects the political andsocial landscape.

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