Venezuela devalued its currency, the bolivar, the country’s Finance Minister Jorge Giordani said Friday.
President Hugo Chavez ordered the move from Cuba, the minister said, where he is recovering from a fourth surgery to treat an unspecified cancer.
Venezuela pegged the official bolivar/dollar rate to 6.3 bolivars per U.S. dollar, from 4.3 bolivars per U.S. dollar, according to media reports.
