Uncertainty reigned in Venezuela after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled Bolívar, Maduro detailed other measures he hopes will pull Venezuela out of crisis.Add your comment!
Brazil is sending additional troops to its northern frontier after residents of one of its border towns attacked Venezuelan immigrants, forcing hundreds of them to flee back into their country. Brazil's Ministry of Public Security said over the weekend it would send an additional 60 soldiers to Roraima on Monday, reinforcing a contingent already operating in the northern state.1 comment
The Ministry of the Interior of Peru has announced that as of the dawn of next Saturday, August 25, Venezuelans will be required to present their passport to be admitted to the country. This measure coincides with that taken by Ecuador this week when it reached record figures in the entry of Venezuelan citizens in that country. The National Superintendency of Migrations of Peru recorded last Saturday the largest number of Venezuelan citizens who entered the country in a single day: more than 5,100.Add your comment!
An exiled opposition leader accused by Venezuelan authorities of directing a failed plot to assassinate President Nicolás Maduro says the greatest threat to the embattled socialist leader may be his detractors in uniform standing quietly behind him.Add your comment!
The investigation into an assassination attempt on Venezuela's President Nicolas Maduro using drones has widened to include the arrest of two high-ranking military officers, the nation's top prosecutor said on Tuesday.2 comments
Venezuelan state oil company PDVSA is appealing a decision allowing Canadian miner Crystallex to take control of shares in U.S. subsidiary PDV Holdings as part of a 10 year dispute over the state takeover of Crystallex assets, a court filing shows.Add your comment!
Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But Venezuela is still fulfilling less than 60% of its obligations under supply deals with customers.
A Brazilian federal court has ordered a block on Venezuelans crossing the border from their economically imploding country, but there was no indication on Monday of the suspension yet taking effect.
Last Saturday, the president of Venezuela, Nicolás Maduro, described as “attempted assassination” the events that interrupted an official ceremony in Caracas in commemoration of the anniversary of the armed forces.
The state of Zulia, the historic heart of Venezuela’s energy industry that was for decades known for opulent oil wealth, has been plunged into darkness for several hours a day since March, sometimes leaving its 3.7 million residents with no electricity for up to 24 hours.