A man looks at the prices of milk at a supermarket in Caracas, Venezuela, Friday, June 4, 2021. Two years ago Venezuela stopped restricting transactions in dollars, which has largely ended shortages but has meant many Venezuelans, who are paid … Read More
SAN CRISTOBAL, Venezuela (Reuters) – Yaidis Colmenares’ tired and gaunt face leaves little need for explanation as to why the desperate Venezuelan mother of three is fleeing her native country for Colombia. The 37-year-old weighs 19 kilos (42 pounds) less … Read More
“Every junkie story is too long.” That was the opening line of an essay on heroin addiction I read as a teenager, and it has always stayed with me. For addicts, the relapse cycle too often repeats again and again, … Read More
The guided-missile destroyer Pinckney transits the Pacific Ocean on April 26. (Navy) For the second time in three weeks, U.S. Southern Command has sent a Navy warship through waters off the coast of Venezuela, the combatant command said Wednesday. The guided-missile destroyer Pinckney steamed … Read More
PUERTO ORDAZ/MARACAIBO, Venezuela (Reuters) – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of … Read More
Dire economic conditions in Venezuela cause worst refugee crisis in Latin America’s history: Brookings Institute. Millions of Venezuelans have left their country since 2013 as its economy crashed, with schools and hospitals unable to provide basic services. They fled to … Read More
Venezuelan inflation has exceeded 5500%. The data were released Monday by the parliament’s finance committee, TASS reported. Thus, the inflation in November reached up to 35.8%, committee member Angel Alvarado tweeted. Venezuela faces a socio-economic crisis, accompanied by hyperinflation, the devaluation … Read More
| The Venezuelan leader has confirmed that he is in talks with the Trump administration. -AFP Venezuela’s embattled President Nicolás Maduro said he had been in talks with the Trump administration for months, even as the US ramped up its … Read More
Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More
Five years of ruin. This week Venezuela’s central bank unexpectedly published data (link in Spanish) on economic growth and inflation. It’s the first time in years that official figures on the economy have been released. Regular updates stopped in 2015 as president … Read More