With the growing unofficial dollarization of the Venezuelan economy, most transactions in the poorer areas are done through foreign currency. This has generated a sense of prosperity in the capital, but it’s also one of the reasons the gap in social inequality has grown.
The ANC is looking to modify the VAT law to tax transactions in dollars. What does this mean?
When Hugo Chávez spoke of finally diversifying the Venezuelan economy, nobody, least of all himself, could have guessed how it’d come true. This is what happens when you pummel domestic production.
2020 might be the stage for new parliamentary elections in which chavismo expects to revert the effects of MUD’s 2015 victory. In the meanwhile, harassment and coercion have scraped off the opposition majority.
It was a year where political change looked closer than ever in two decades of chavismo. However, hope dissolved again. But this defeat was different: it left an...
The OFAC sanctions produced another case of overcompliance when American baseball cut its ties with the Venezuelan league. This is the story of how I learned to stop worrying about MLB and love the game.
Cash dollars made possible an illusion of recovery in the capital of the world’s worst-performing economy. Here’s how things looked in the Sambil mall
With the vibe of “things improving in Caracas” comes a lot of chaos in a society that dollarized its trade based on trust, which is frankly a mess.
Spontaneous dollarization seems to have taken over Venezuela. Even Maduro admitted it represents an “oxygen valve.” Two experts describe the different sources of cash dollars.
Layoffs due to political persecution, mass resignation and retirement, terrible working conditions. The human dimension of this industry helps us understand why oil production has plummeted.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate