01 August 2012

VENEZUELA : Experts See New Currency Devaluation On The Horizon.


      Venezuela's bonds have surged 18.7% this year on rumors of President Chavez's continuing cancer challenges.
      But...experts predict that bondholders are in for a rude awakening if Chavez wins... because he is sure to devalue the nation's currency...the Bolivar...by as much as 31%...to 6.2 per usd.
      One economist calls the Bolivar...'the most overvalued currency in Latin America.'
      Latest polls give Chavez 40% over opponent Capriles' 30%...ahead of the October election.