Chavez showed a photograph in a newspaper of consumers in long lines over the weekend to buy goods , fearing that the sharp devaluation could result in higher prices . Venezuela President Hugo Chavez announces devaluation of country 's currency . Consumers rush to stores , fearing devaluation will cause higher prices . Chavez : `` There is absolutely no reason for anyone to raise the prices of anything '' everything should be priced at a level that allows us all to live comfortably and with dignity.
Venezuela President Hugo Chavez announces devaluation of country 's currency . Consumers rush to stores , fearing devaluation will cause higher prices . Chavez : `` There is absolutely no reason for anyone to raise the prices of anything '' everything should be priced at a level that allows us all to live comfortably and with dignity.