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Authorities Investigate 190 Companies for Currency Exchange Fraud in Venezuela

The South American country has maintained currency exchange controls since 2003 in order to prevent capital flight and plan the

Venezuelan authorities are investigating 190 companies for suspected fraudulent use of preferential dollars granted for product imports.

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Bolivia-Venezuela Comparisons Should be Very Helpful to Radical Chavistas

Bolivian president Evo Morles (left) and Venezuelan president Nicolas Maduro (La Prensa / EFE)

Emersberger responds to the recent opinion article “Paralysed Venezuela vs Thriving Bolivia”, arguing: “Maduro’s government, like that of Chavez before him, is facing an economic war and other forms of destabilization. The lesson from Bolivia isn’t that it must try harder to win over foreign and domestic elites.  On the contrary, Bolivia’s example offers ways to fight more effectively.”

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Planting the People's Seed Law in Venezuela

Anti-GMO Stencil on a building in Bellas Artes, Caracas. (Photo: Cory Fischer-Hoffman for Venezuelanalysis.com)

The battle against Genetically Modified Organisms (GMOs) is central in the ongoing fight between transnational corporations and the health and sovereignty of the people of Venezuela.

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Venezuelan Calls for OPEC to Respond to Sliding Oil Prices

Oil rigs in the Orinoco Delta, home to the world's largest oil reserves. (AVN)

Venezuelan foreign minister Rafael Ramirez alerted press Friday that his cabinet has “received instructions from the president to request an extraordinary OPEC meeting.” Ramirez was the head of state-owned petroleum corporation PDVSA until a September cabinet shakeup.

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Paralysed Venezuela vs Thriving Bolivia: Two Faces of Socialism

La Paz, Bolivia (archive)

Hernán Luis Torres Núñez, a frequent economics commentator on leftist Venezuelan community forum Aporrea, argues that Venezuela should learn from Bolivian president Evo Morales’ pragmatic style of governance for “21st century socialism”.

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Venezuela Takes Over Clorox Factory

Workers gather in assembly to discuss their plans to reactivate the factory (Reuters).

After Clorox's official decision to cease production and sales in Venezuela, workers have taken over the abandoned factory with government support.

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Venezuelan Government Announces Funds to Combat Mosquito Borne Diseases & Medical Shortages

Last week the government launched an intensified national strategy against the mosquito borne diseases, including fumigations an

Venezuelan president Nicolas Maduro has announced investments of US $805 million to fight the dengue and chikungunya diseases, combat medical shortages, and improve the country’s healthcare sector.

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As Wall Street Speculates on Venezuelan Debt, China Invests in Housing Projects

Chinese presient Xi Jinping with Nicolas Maduro in Caracas, Venezuela, in July (Xinhua/Zuma Press)

Over the weekend Beijing funneled another US$2 billion into the Joint Chinese-Venezuela Fund, for use in Venezuelan government’s ever-advancing housing mission. This morning the US finance journal Bloomberg fueled investors’ fears of default by claiming hedge funds are circling to fill in “a vacuum” in Venezuela’s bonds.

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The Professor & The President: Who’s the Bully?

Ricardo Hausmann (prodavinci.com)

Suren reviews the inflammatory Sep 5th opinion piece by Harvard economist Ricardo Hausmann, titled Should Venezuela Default? The article caused interest rates on Venezuelan bonds to temporarily soar as investors balked at Hausmann’s calculated commentary regarding the nation he once served as planning minister, during Venezuela's era of neoliberal reign known as the 4th Republic.

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Venezuela, Country of Overwhelming Riches and Intense Contrast

Smuggling toilet paper across the Simon Bolivar bridge, between Venezuela and Colombia. (Ramón Lepage / Orinoquiaphoto)

Quechua anthropologist Ollantay Itzamná writes of his crossing from Baranquilla, Colombia to Venezuela. After choosing not to heed the colorful warnings of famine and crime parroted by Colombian taxi drivers, Itzamná finds as he draws closer to the border that he is just one foreigner among hundreds of Colombians who cross over daily to fill their bags with low-priced goods.

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