In Venezuela, money does not enter the economy as a steady stream. Instead, it arrives in bursts, timed to crude cargoes ...
Caracas, Venezuela (CNN) — As Venezuelan President Nicolas Maduro faces growing US military pressure and calls for his resignation, an old foe is returning to haunt him in his own backyard: Inflation, ...
Venezuelans are shrugging off threats to oust leader Nicolás Maduro, worrying more about the price of Christmas decorations and an economy in ruins.
Several causes Last month, the International Monetary Fund estimated Venezuela’s annual inflation at about 270%, the highest in the world and a sharp increase from the 180% rate it estimated in April.