World Economy

Devaluation Worries Venezuelans

Devaluation Worries VenezuelansDevaluation Worries Venezuelans

Venezuelans puzzled over the impact of a complicated currency devaluation and fretted that dire product shortages in the OPEC nation’s recession-hit economy would not go away, VoA reported. President Nicolas Maduro’s government this week launched a 70 devaluation via a new “free-floating’’ currency system known as Simadi. Dollar on the black market fetches 190 bolivars.