Venezuela requests $5 billion from IMF

Venezuelan President Nicolas Maduro formally requested economic assistance from the International Monetary Fund as the socialist South American nation prepares to combat COVID-19. Minister of Foreign Affairs Jorge Arreaza posted the letter dated March 15, 2020, from Maduro on Twitter. https://twitter.com/jaarreaza/status/1240035272601059328 In the letter, Maduro requests $5 billion from the IMF's Rapid Financing Instrument in … Continue reading Venezuela requests $5 billion from IMF

Los nexos criminales de los nuevos jefes militares de Maduro en Venezuela

Este artículo fue escrito por Unidad de Investigación de Venezuela de Venezuela y originalmente publicado por Insight Crime en julio 17, 2019. Se reproduce aquí bajo CC BY-NC 3.0. El presidente Nicolás Maduro ha anunciado cambios en la cúpula militar de Venezuela, mediante una serie de nombramientos que parecen recompensar la lealtad al régimen y promueven figuras que han … Continue reading Los nexos criminales de los nuevos jefes militares de Maduro en Venezuela

Trump Administration Announces Support For Guaido As Violence Erupts in Caracas

Juan Guaido called for massive protests on Tuesday against the regime of President Nicolas Maduro. The situation has turned violent in places. According to Reuters, dozens of armed troops loyal to Guaido clashed with regime soldiers and a pro-regime National Guard vehicle ran into opposition protesters. Guaido is the leader of the National Assembly and … Continue reading Trump Administration Announces Support For Guaido As Violence Erupts in Caracas

Maduro to Re-Denominate the Bolívar Fuerte

Zimbabwe experienced the worse case of hyperinflation a decade ago before it adopted the United States dollar as its official currency. / July 9, 2011 / topquark22 / Flickr

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 change will take place after June 4, according to Reuters. Maduro blamed the United States … Continue reading Maduro to Re-Denominate the Bolívar Fuerte