Tag: Sicad II exchange rate

• Wednesday, May 28th 2014 - 00:19 UTC

  Venezuela airline tickets to rise 350% beginning July first; part of a deal to pay pending debt

  

  As airlines cut service to Caracas and Venezuela struggles with a continuing debt crisis, the government of President Nicolás Maduro revealed that it would raise all international airline ticket prices by 350%. The measure should allow to pay part of the 4 billion dollars owed to foreign airlines, according to the government.