devaluation

Investor interest in precious metals has surged in recent months, driven in part by concerns over rising debt levels in major Western economies and fears of currency devaluation.

If this continues, it will be difficult to avoid further overvaluation followed by an inevitable devaluation.

As Mr. Gennari reminds us, “this was vitally important cultural work at a time when jazz was still an object of widespread derision, devaluation, and misunderstanding.”

The country is running low on the greenbacks used for a big portion of purchases, and which many Venezuelans try to save as insurance against bolivar devaluation.

Practically since it gained independence in 1816, it has been caught in an endless loop of boom, bust, devaluation, default, and inflation.