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Venezuela Business - Page 3

A reporter was showing how bad the economy is in Venezuela by exchanging a US$10 bill for Bs.8,000 (Venezuelan money). With that US$10 he was able to buy a lobster dinner, a rack of meat, and do some handsome grocery shopping. He also said that some people work for an entire month just to get that US$10!

Business Venezuela

Venezuela decrees 60-day economic emergency:

President Nicolas Maduro will rule by edict for two months. The decree includes tax increases and puts emergency measures in place to pay for welfare services and food imports. Ref. Source 5l.

Venezuela Business History & Civil Business Politics

Inflation-Hit Venezuela Is Pulling Its Largest Bill From Circulation:

Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. Cents on the black market, from circulation this week ahead of introducing new higher-value notes Ref. Source 8w.

Page 3 Business Venezuela

Venezuela reinstates the 100-bolivar banknote;

Venezuelan President Nicolas Maduro has suspended the withdrawal of the country's most widely-used banknote. Maduro said the 100-bolivar bill will be reinstated after higher-denomination notes failed to arrive in time. Ref. Source 6y.

Business Venezuela

30 Tons of Venezuelan Bolivar Bills Found Hoarded in Paraguay:

The massive find is the latest example of the ongoing of hoarding Venezuela's larger notes as part of the so-called currency war. Ref. Source 7q.

Venezuela Business

Venezuela's worst economic crisis: What went wrong?

Country sitting on worlds biggest oil reserves is now regions poorest performer in terms of GDP growth per capita. Ref. Source 6g.

Venezuela Business - Page 3

IMF denies pressuring Venezuela to release data. Rare data release from Maduro's government, reportedly prompted by China, offers a new look at the country's collapse. Source 3u.

Venezuela Business Politics Business Civil & History - Page 3

I saw this posted online and have to admit that according to many of the immigrants who come to my country daily things are really bad in Venezuela. What is the cause of a country with enormous amounts of oil, natural resources, gold, diamonds and a willing people to go down the tubes? I think we know the answer.