Chavez Devaluation Puts Venezuelans to Queue Before Price Raise

Chavez Devaluation Puts Venezuelans to Queue Before Price Raise

David Rochkind/Bloomberg News

With Friday’s devaluation the bolivar has weakened 91 percent from 0.56 per dollar since Chavez took power in 1999, while oil prices have risen tenfold from $9.4 a barrel.