The BCV revamped and refreshed the look and feel of its online platform, but opacity, secrecy and misconduct in madurismo’s economic policies haven’t changed one bit. You have been warned.
10 years ago the government took off three 0’s from the bolivar, saying it was a cosmetic fix and would strengthen the economy. Now, they will try to do it again.
Dollarization is sexy, but the argument for why we need it is weak.
People who have been trading cryptocurrencies for a while, let’s say the pros sometimes referred to as “crypto bros”, are staying as far as they can from the petro. One of them explains the many reasons why.
PDVSA bondholders, US energy firms, the Russians, Crystallex, and now a Swiss commodities trader… everybody wants dibs on CITGO, the most valuable Venezuelan asset abroad.
Since certified reserves aren’t such, the petro will be, at best, another way to make opaque transactions by an already shady administration.
The Maduro government claims the petro was successfully launched. The records on the blockchain say otherwise.
A young math prodigy from Maracaibo beat the odds to get accepted to MIT. But without financial aid, she can't go. And she can't get financial aid, because at the official exchange rate, she's a millionaire!
Tal día como hoy, in 2003, Venezuela began rationing foreign currency by fixing its price. Has any other policy done more to ravage Venezuelans’ livelihoods?
The alarming rate at which our oil output is reducing, makes us wonder what we’ll do with it if our main buyers find other alternatives, which they have already started doing, because that’s just how normal markets work. Guys, oil isn’t edible.
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