Tag: Venezuelan business

• Wednesday, August 22nd 2018 - 09:00 UTC

  Venezuelan businesses shut down shops to protest last monetary measures

  

  Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by populist president Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest. Venezuela on Monday cut five zeros from prices and pegged the country’s currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.