Venezuela : Hugo Chavez announces devaluation of country 's currency . People rush to stores , fearing devaluation will cause higher prices . Venezuela : ` ` There is absolutely no reason for anyone to raise the prices of anything '' Chavez threatens to expropriate companies that raise 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 '' Chavez threatens to expropriate businesses that raise prices .