Wednesday, October 1, 2008

Venezuela Won't Devalue Bolivar on U.S. Crisis, Lawmaker Says

The U.S banking crisis won't force Venezuela to devalue its currency, lawmaker Ricardo Sanguino said.``We don't need to devalue the bolivar to improve our income or as an export policy,'' Sanguino, president of the National Assembly's finance committee, said during a program on state television. ``We have enough resources to honor our budget costs.''

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