Business leaders and economists warn that punishing transactions in USD, as the Maduro government is preparing to do, can reignite inflation and increase informality
Venezuela surpassed fifty percent in monthly inflation rates in 2017 and it has gone over that number many times since. But for the last seven months the monthly price increase has been lower. If it continues this way, it could declare itself hyperinflation free in January 2022. Will it do it with elections coming up?
the Venezuelan Observatory of Finance reported that the inflation in July was 19%, because of the bolivar’s devaluation. Monday was the International Indigenous Peoples Day, which has been used for propaganda under chavismo, while they strip them of their rights. Activists ask Bachelet to pay attention to the case of three detained FUNDAREDES activists.
The almost extinct bolívar is about to experience its third metamorphosis in 13 years. It's unavoidable but most likely useless
All Venezuelans today, regardless of the currency they handle, are suffering the effects of an imploding economy that displays just how fragile the “privileged” bubbles truly are
It’s been a year of hyperinflation in Venezuela, with a yearly rate that ravages consumers’ purchasing power and devours companies left and right. Just where does it ends?
Public transportation has new prices. Some services have increased by 1000%, others by 400% and others by 1.250.000%. Will this higher fare price help improve a broken industry? We don’t think so.
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