One Billion Percent Later
When Chávez took office in 1999, one dollar was worth 5.6 bolivars. 19 years later, the amount of zeros is so long, it’s confusing. Today, regrettably, we reach the one billion later benchmark.
Economy
The Woes, ‘Whats?!’ and ‘Wows!’ of Paying for Cabs in Caracas
What happens when you throw a Carlos in Caracas and ask him to pay for a taxi? Chaos, delays, inconveniences, slow data service and everything else caraqueños know to be true, with the extra paranoia that out-of-towners rightfully feel.
Schrödinger's Exchange Controls
We can’t tell if the exchange controls are dead until we open the box. For now, it sounds more like the same old words they spew when they need money, than the end of controls over our own money.
Bolívar Soberano's Smoke and Mirrors Fix Nothing
The government’s plan is not to fight hyperinflation. They plan to fight cancer with a cup of tea. Maduro is eliminating 5 zeros instead of 3. I don’t get it either.
Chavismo’s Shifting Crypto Strategy
His team didn’t deliver on the promise of raising billions through an ICO.
What Does the Latest OAS Report Really Mean?
A 400-page report commissioned by the OAS’ Secretary General sums up the horrors endured by arbitrarily detained Venezuelans. The one to blame: the Maduro government. What happens next? Will there be justice?
Steemit: A Lifesaver Amid Hyperinflation
After the math doesn’t check out at the end of each quincena, resourceful Venezuelans turn to making extra income online on a platform called Steemit to save the month and beat hyperinflation and the crisis.
Kellogg’s Flees Venezuela Too
American cereal-maker Kellogg’s announced that it would leave Venezuela, leaving hundreds without jobs and a void in our breakfasts.
The Parallel’s Parallel Turned Upside Down and We Can Only Look at It Go
Strange things are happening in Venezuela’s parallel foreign exchange market. We delve into the dark depths of bolivar-dollar unregulated trading to understand what’s going on.
Banesco Intervention Popped A Bubble: Our Financial System is Completely Destroyed
Chavismo’s hostile Banesco intervention causes more damage than people detained and distressed customers: It reveals just how the government really screwed up our economy.
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