A devaluation would give the government more bolivars from its oil export tax receipts, helping fund Chávez’s policies to provide free health care, housing and discounted food to millions of Venezuelans.
It doesn’t matter how much funny money is available when there is no food to be bought. Tinhorn dictators never learn.
“A devaluation would give the government more bolivars from its oil export tax receipts, helping fund Chávez’s policies to provide free health care, housing and discounted food to millions of Venezuelans.”
Thanks to such populist programs and plenty of anti Americanism, Chavez is quite popular. Just goes to show how dumb and greedy the average voter down there is.