As Venezuela’s economy regresses, crypto fills the gaps
June 23, 2021
CARACAS, June 22 (Reuters) – Venezuelan food delivery driver Pablo Toro has no stake in cryptocurrency or blockchain, but indirectly uses digital tokens
Economy
Venezuela monthly inflation hits 28.5% in May, central bank says
June 18, 2021
CARACAS, June 16 (Reuters) – Venezuelan consumer prices rose 28.5% in May, more than the 24.6% rate reported in April, central bank data
Live.Die.Repeat: A New Currency Redenomination Is Coming to Venezuela
June 12, 2021
A new currency redenomination is on its way. It would be the third one in thirteen years. And just like in 2008 and
London court hearings over Venezuela gold to resume in July, official says
June 2, 2021
A London court next month will hold hearings in a dispute between Venezuela’s government and opposition over control of gold held in the
China to tax Venezuelan crude: the possible end of an alliance that marks another chapter in Maduro’s economic debacle
May 29, 2021
A new Chinese oil refinery tax would appear to deliver a severe economic blow to the regime of Nicolás Maduro by targeting Venezuela’s
Zara Stores to Close in Venezuela as Inditex Brands Exit
May 23, 2021
(Bloomberg) — The franchise operator of Zara and two other popular apparel chains will close all of its stores in Venezuela in the
Diesel shortages paralyze Venezuelan farms, prompting sanctions debate
May 19, 2021
Venezuelan farmer Agustin Zenere should have been planting corn by the second week of May – a crucial task in the economically devastated
Cash-flush Venezuelan firms are moving US dollars abroad: Sources
May 19, 2021
Venezuelan firms holding US dollars to shield themselves from hyperinflation are paying as much as 7 percent to move those funds overseas, sources
Citgo Petroleum posts fourth quarter net loss of $255 million
May 7, 2021
HOUSTON (Reuters) -Eighth-largest U.S. refiner Citgo Petroleum Corp on Friday reported a wider $255 million fourth quarter loss as slack demand for fuel
Private equity funds eye Venezuela acquisitions on hopes Biden could ease sanctions
May 7, 2021
CARACAS(Reuters) – At least two private equity funds are seeking to acquire stakes in Venezuelan companies that have survived the country’s economic crisis,
