Tag: Venezuela hyperinflation

• Thursday, February 8th 2018 - 11:24 UTC

  Venezuelan presidential elections for April 22

  

  Venezuela's questioned electoral council has set April 22 as the date for a controversial presidential election, which was supposed to occur late 2018. The opposition accuses President Nicolas Maduro of using to plan a second term for himself.

• Wednesday, January 10th 2018 - 09:25 UTC

  Petro: The cryptocurrency that is not cryptocurrency

  

  According to the journalist specialized in technology Edgar Rincon, the solution devised by the Venezuelan government to evade the “strong and cruel sanctions of the international community to Venezuela”, the Petro, is not a cryptocurrency because “within the guidelines of the cryptocurrency guide does not fit. ”

• Friday, January 5th 2018 - 10:57 UTC

  Maduro announced the bonus of Reyes Magos of almost a minimum wage

  

  Four days before the beginning of an election year in Venezuela, President Nicolás Maduro announced on national television that he will grant a bonus of 500,000 bolivares, the equivalent of US$ 3.9, to those who possess the Carnet de la Patria, an identity document created by the government that serves to regulate the purchase of food and tools with which users can access pensions or bonuses of this style in exchange for their loyalty to the government party.

• Friday, December 22nd 2017 - 23:09 UTC

  Venezuela's shortage of cash means big business for some

  

  In view of the hyperinflation in their country, Venezuelans have developed “creative” forms of business.

• Friday, September 8th 2017 - 08:49 UTC

  Hyperinflation hits Venezuela in August; US dollar exchange at 20.000 Bolivar

  

  Venezuela's monthly inflation rate jumped to 33.8% in August, with food price rises reaching hyperinflationary levels above 50%, the opposition-controlled National Assembly said on Thursday.