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To: Bobby Yellin who wrote (14460)	7/13/1998 11:49:00 AM
From: William JH	Respond to of 116756

The Sunday L.A. Times had an article on Venezuela which I can't find a link for. The highlights were: 38% inflation rate, mounting speculation that they will devalue, 6 billion less in oil revenue that expected with only 3.8 billion cut from spending programs. Ends by saying "If not a budget cut, then Venezuela should ask for international loans, impose major currency reform such as a sudden devaluation, or implement exchange-rate controls, Vivancos said."