Tourism Flows Outbound in Venezuela - New Report Available
In 2012, a 20% increase in the number of outbound trips improved on the 16% growth recorded in 2011. The adverse effects of the 2010 devaluation have faded away and the economy received a strong boost from government spending during the election year. A de facto dual exchange rate in place in Venezuela causes heavy distortions in the consumption patterns of travellers. On the one hand, there is an official fixed exchange rate that is largely overvalued - in spite...
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