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  • Scotch Shortage Pleases Chavez as Tipplers Blame Currency

    From bloomberg.com

    Read Full Story at bloomberg.com

    Venezuelan President Hugo Chavez, who declared an economic war against bourgeois comforts, is winning one for the socialists in his battle against the nation’s most popular spirit: Scotch whisky. Chavez’s shutdown of the unregulated currency market is reducing shipments and sales of whisky and pushing up prices by almost 50 percent as companies including Diageo Plc and Pernod- Ricard SA struggle to obtain dollars for imports.

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  • Posted: Aug 7, 2010 6:10am

    Submitted by: Mohammed Isah

    Category: News Archive

  • 1,150 Views

  • 0 Comments

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