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.
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.
By Ryan Mallett-Outtrim - Counterpunch, May 25th 2016
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.
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.
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.
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.
