Economy / Venezuela
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Parallel Rate Signals Devaluation Expectations
September 2008 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We highlighted back in July, when the parallel exchange rate was trading at a high of VEF3.4000/US$, that the currency strength would be short-lived as it was not driven by fundamental factors, but rather a temporary injection of dollars into the system by the government (see