hyperinflation in venezuela

  1. Venezuela Devalues Currency 64% on New FX Auction Platform

    Venezuela Devalues Currency 64% on New FX Auction Platform
    Venezuela’s central bank devalued its weakest legal exchange rate nearly 64 percent in its latest currency system as the cash-strapped nation attempts to ease a shortage of dollars that’s emptied store shelves and fueled the word’s highest inflation. On Wednesday, central bank director Pedro Maldonado announced the results of the first auction in a revamped currency platform, known as Dicom, where it...
  2. Are Oil Prices to Blame for The Venezuelan Crisis? (Spoiler Alert: Of Course Not!)

    Are Oil Prices to Blame for The Venezuelan Crisis? (Spoiler Alert: Of Course Not!)
    Many analysts are venturing to link the crisis that plagues the Venezuelan economy with the fall in the price of crude oil. With oil being one of the most important commodity in Venezuelan production and the country’s main export product, it seems that the fall in the price would bring any country with an economic structure similar to Venezuela’s into a crisis. Similarly...
  3. Venezuela clinches $300 million deal with New York fund: sources

    Venezuela clinches $300 million deal with New York fund: sources
    Venezuela's central bank has reached a deal that will provide the country with at least $300 million from New York-based investment fund Fintech Advisory Inc to help offset a cash crunch, two market sources and a source close to the government told Reuters on Friday. The crisis-hit country has spent months negotiating with investment banks, offering bonds as a guarantee...
  4. Venezuela's Money Supply Soars By A Record 200%

    Venezuela's Money Supply Soars By A Record 200%
    Two weeks ago, Reuters reported that due to "unexplained" reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data.  The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February. "If they are not publishing, you...

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