Venezuela will re-denominate the bolívar this summer by removing three zeros from its highly devalued currency. Hyperinflation in Venezuela has exacerbated one of the most severe economic crisis in the history of the Americas. President Nicolás Maduro announced last week that the… Read More ›
Rosneft, a Russian state-controlled oil company, says that Venezuela is repaying its debt on schedule. Rosneft is a major investor in the Venezuelan energy sector and the state-owned oil company, PDVSA, and the Russian government has been integral in propping up the… Read More ›
Crude oil production in Venezuela continues to fall, but some believe that the industry can turnaround with the right leadership in Caracas.
The economic crisis in Venezuela has become a migration crisis. In the last two years, nearly one million Venezuelans emigrated as their country’s economy fell. The Washington Post reports on how Venezuela’s neighbors are dealing with influxes of migrants and… Read More ›
The United States Treasury Department announced on Friday that it was imposing new sanctions on four high ranking officials in Venezuela. The officials are all current or former senior officers in the Venezuelan military. “President Maduro and his inner circle… Read More ›
Venezuela no proporcionó información de exportación e importación al Fondo Monetario Internacional. El Consejo Ejecutivo del FMI emitió un comunicado el viernes sobre el fracaso del gobierno venezolano para cumplir con los requisitos específicos de membresía. “La Junta aprobó una… Read More ›
Venezuela failed to provide export and import information to the International Monetary Fund. The IMF Executive Board released a statement on Friday on the failure of the Venezuelan government to meet specific requirements of membership. “The Board approved a decision… Read More ›