Profits Vanish in Venezuela After Currency Devaluation - NYTimes.com - 0 views
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Profits Vanish in Venezuela After Currency Devaluation
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The country’s high inflation — currently around 60 percent a year — has also meant that the prices in bolívares that companies charge for many goods and services have risen sharply.
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Now companies are feeling the pain from a series of currency devaluations over the last year and a half. Photo
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