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Inflation

Venezuela’s Maduro Increases Teacher Salaries as AN Released Inflation Estimate

President Nicolas Maduro says the recent wage increases show his government's commitment to education. (Archive)

Venezuelan President Nicolas Maduro announced the implementation Thursday of a 15 percent salary increase for teachers nationwide.

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Venezuela Increases Food Vouchers by 70% Effective March 1

Monthly state food tickets will be increased to 108,000 Bolivars as of March 1. (GacetaOficial)

Venezuelan President Nicolas Maduro announced Sunday a 70 percent hike in the value of state food vouchers in a bid to safeguard workers’ salaries against rising inflation. 

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Venezuela Recalls 100 Bolivar Note in Clampdown on Speculation

President Maduro announced the move on Sunday. (Prensa Presidencial)

Venezuelan President Nicolas Maduro announced Sunday that his government would be removing its 100 bolivar banknote from circulation in a crackdown on cross-border currency speculation. 

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Venezuelan Black Market Rate Surges to Over 1500 Bolivars per Dollar

Venezuela's parallel dollar has been on the rise in recent weeks. (Archive)

The latest depreciation of the bolivar is as much political as it is economic, says sociologist Gregory Wilpert. 

 

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Maduro Announces 2016's Third Minimum Wage Increase

Nicolás Maduro made the wage increase announcement to the Venezuelan people on live television and radio Friday.  (Reuters)

President Nicolás Maduro has announced a 50 percent wage increase set to take effect in September.

 

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Does Venezuela’s Crisis Prove Socialism Doesn’t Work?

(Shutterstock.com)

Ryan Mallett-Outtrim gives a run-down of the root causes of Venezuela's economic problems, arguing that the government's maintenance of exchange controls, not socialism, has sunk the country into a financial black hole.

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Venezuela – A Last Warning

Imports dropped by 18.7% in 2015 due to collapsing oil prices, forcing Venezuelans to queue up for government-regulated goods or

Venezuela's crisis is the failure not of socialism but of reformist attempts to tame and humanize capitalism, argues Jorge Martin. 

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What is at Stake is not the Stability of a Government but the Viability of a Nation

Economist and ex-minister Victor Alvarez (archives)

In this interview, investigator and former Mining and Basic Industries Minister, Victor Alvarez, argues that the government must implement an economic stabilisation plan with social welfare before it is too late.

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Venezuela Begins Printing 500 and 1000 Bolivar Bills, Signs Oil Deal with Russia

100 Bolivar bills (courtesy)

Venezuela’s Central Bank announced Monday that it would begin printing 500 and 1000 Bolivar bills while phasing out smaller denominations in a bid to keep pace with the country’s soaring inflation.

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How Bad is Venezuela's Economic Situation?

(AVN)

Ryan Mallett-Outtrim runs readers through an indepth breakdown of the current economic situation in Venezuela. He argues that despite the dire outlook, not all is lost.

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