You must know this but maybe you dont know WHY did Mr. Hugo Chavez take this strange decision. http://profitabling.blogspot.com/2010/01/devaluation-venezuelas-bolivar.html I wrote this artice minutes ago to explain you why Hugo Chavez decided to do this. As it is the first time I talk about economics here, I think that the Bussiness section is the best place to post this because this is pure bussiness. Venezuela is seeking to be more competitive in the petrol war.