Putting the fun in devaluation

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    Juan Cristobal says: – Let’s play psychic.

    With oil tanking and the world veering on recession, things are not looking good for Venezuela, no matter what Chávez says. Specifically, it’s looking like the government will be forced to devaluate some time in the future just to keep afloat.

    Now, obviously, things could change and oil could surge. The government may put off devaluation altogether, but that’s looking increasingly unlikely.

    So, I’d like to run a simple poll on when you think the government will be forced to announce an increase of the official, Misión Cadivi-subsidized rate of BsF 2.15.

    The person who gets closer to the actual date without going over wins a blog post praising his or her judgment and character.

    My guess? February 1st.

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