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Venezuela is spiraling once more into an inflationary storm as new data warns that price increases could skyrocket to 530% in ...
As inflation surges under President Trump’s renewed sanctions, Venezuelan authorities are trying to keep a lid on the country ...
Venezuela could soon enter another hyperinflationary period as President Nicolas Maduro cranked up the money-printing press to increase spending at year-end, according to private estimates. Data ...
After the policies were rolled out, authorities said Venezuela had emerged from a four-year streak of hyperinflation. But the strategy has begun to crack, sources have told Reuters.
According to the Central Bank of Venezuela, hyperinflation peaked between 2016 and 2019 when inflation rates surged by 53,798,500%. Since 2020, Venezuela has been able to decrease its dramatic ...
Venezuela's cash becomes a little more worthless every day. It's a problem at the core of people's lives in Venezuela. Inflation forces them to cough up more and more bills for staples like food ...
Its currency was devalued by 96%. As in the cases of interwar Germany and late-2010s Venezuela, hyperinflation usually only happens as part of broader deep political, economic, and social instability.
The team had apparently been swept up in the severe travel restrictions that President Trump has placed on more than a dozen ...
Venezuela’s President Nicolas Maduro ordered a re-denomination of the ailing bolivar currency on Thursday, by knocking three zeroes off amid hyperinflation and a crippling economic crisis.
Getting by in Venezuela gets harder by the day with deep shortages of food and medicine and a currency that's just about worthless. Perhaps it's no surprise that betting shops are thriving.