"Home Laundry Appliances in Venezuela" Published
In February 2013, the Venezuelan bolivar was devalued in terms of the official exchange rate. Moreover, companies faced restrictions in obtaining official foreign currency. The result was a deep inflationary impact on the Venezuelan economy and increases in consumer prices, more evident in non-regulated categories such as a home laundry appliances. Importers, distributors and manufacturers were forced to apply strategies to obtain foreign exchange on the black market, at five times the official...
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