Market Report, "Tourism Flows Inbound in Venezuela", Published
In February 2013, the official exchange rate was adjusted from Bs4.30 to Bs6.30 per USD. Although the 46% correction was helpful in alleviating the overvaluation of the domestic currency, it was not enough to restore the competitive position of Venezuela in the international tourism market. Venezuela continues to be one of the most expensive countries to visit in the Americas.
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