A New Currency Redenomination Is Coming to Venezuela
The almost extinct bolívar is about to experience its third metamorphosis in 13 years. It's unavoidable but most likely useless
Tag: economy
What 2020 Did to Venezuela
This year, like 2019, leaves a different country behind, with a more solid dictatorship, the expanding impact of sanctions and the pandemic. A different reality demands a different conversation
The Venezuelan December Mirage, 2020 Edition
Maduro is trying to use Christmas to produce the illusion that everything’s relatively fine. But this time, his sleigh has no gas to fly
Zelle For the People
A Colombia-based startup developed an app that would allow Venezuelans to engage in electronic transactions in dollars without having a bank account in the U.S. Too good to be true?
Maduro Has Another Curve to Flatten
Applying social distancing measures to slow the spread of COVID-19 is the right way to go. The thing is, it’ll devastate what remains of the Venezuelan economy.
Bursting the Wellness Bubble
There’s a weird vibe in Caracas of economic improvement, with shortages slowly disappearing. But if you go past the surface of the incipient upgrades, you’ll see we’re far from real, stable development.
Formalizing a Rogue Economy in a Rogue State
The ANC is looking to modify the VAT law to tax transactions in dollars. What does this mean?
Digging Under Rock Bottom
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.
How Dollars Make It Into Venezuela
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.
We Need a Sovereign Wealth Fund
The National Assembly has both an opportunity and a need to bring back transparency and efficiency, starting with managing the nation’s assets they are protecting abroad.
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