venezuela economy

Petro: Venezuela Launches Ethereum-Based Cryptocurrency

Venezuela has launched the "Petro" cryptocurrency in an attempt to bypass tough economic sanctions imposed by the United States. Petro…

7 years ago

Venezuela: Nicolas Maduro Defends His Decision to Withdraw 100-Bolivar Banknote

Venezuela’s President Nicolas Maduro has defended his decision to scrap the nation's most-used banknote, 100 bolivares. The 100-bolivar note withdrawal…

8 years ago

Venezuela: 100-bolivar Banknote Withdrawal Postponed

Venezuela's President Nicolas Maduro has announced the withdrawal of the 100-bolivar banknote will be delayed until January 2, 2017. The…

8 years ago

Venezuela Closes Colombian Border to Combat Smuggling Gangs

Venezuela has decided to close its border with Colombia for 72 hours in the latest measure to combat smuggling gangs.…

8 years ago

Venezuela to Replace 100-Bolivar Banknotes with Coins

Venezuela will replace its 100-bolivar banknotes with coins within 72 hours. The government hopes swapping the country’s highest denomination notes…

8 years ago

Venezuela Crisis: Nicolas Maduro Threatens to Seize Closed Factories

In a speech to supporters in Venezuela’s capital Caracas, President Nicolas Maduro has threatened the seizure of factories that have…

8 years ago

Venezuela Imposes Two-Day Working Week for Public Sector

Venezuela has announced it is imposing a two-day working week for public sector workers as a temporary measure to help…

9 years ago

Venezuela Introduces Power Cuts to Save Energy

Venezuela will cut power for four hours a day from next week to deal with a worsening energy crisis. The…

9 years ago

Venezuela’s economy falls into recession

Venezuela’s economy has entered recession, after contracting for the third consecutive quarter of the year. The Central Bank announced that…

10 years ago