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The Royal Bank of Scotland (RBS Securities Inc.), one of the largest providers of liquidity to the U.S, has announced that Venezuela could potentially face a rise in consumer prices of 40% this year. [...] while Chavez believes that his economic policies will strengthen the economy by decreasing inflation, current conditions and predictions indicate otherwise. According to James Painter of the BBC, Total foreign investment in Latin America last year was worth about 126 billion USD.
...Though the central bank's president Nelson Merentes has said that the government currently ha...
.... EL MISMO JUEGO . El nombramiento de Nelson Merentes como ministro de Finanzas de Venezuela no...
.... Finance Minister Nelson Merentes also announced he would be resigning and ...
El nombramiento de Nelson Merentes como ministro de Finanzas de Venezuela no...
Oil-rich Venezuela, having recently helped Argentina to pay off its debt to the International Monetary Fund, is floating the idea of a new "Bank of the South" that would offer no-strings loans in competition to the U.S.-backed IMF. The scheme would be the latest in a series of moves in which Venezuelan President Hugo Chavez has used his country's oil revenues to expand his influence and leftist philosophy through South America.
... Clarin, quoted Venezuelan Finance Minister Nelson Merentes saying that further bond purchases were p...
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