10 Jan 2019

How Venezuela’s crisis developed and drove out millions of people

With Maduro’s inauguration to another 6-year term, the entrenched problems in the Venezuelan economy and political system show no sign of radical adjustments. The hyperinflation, shortages, and declining oil production have been thrown around as signs and symptoms, but understanding how the crisis began and how it is continuing require

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13 Nov 2018

Venezuela inflation rate hits 830,000%, refugee and migrant numbers reach 3 million

New figures indicate that inflation in Venezuela has hit 830,000% and IMF projections estimate numbers beyond 1 million percent by the end of the year, causing further “collapse in economic activity, hyperinflation, and increasing deterioration,” which will lead to “intensifying spillover effects on neighboring countries.” Bonuses for state employees distributed

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31 Aug 2018

Special Report: In Venezuela, new cryptocurrency is nowhere to be found

A special four-month investigation by reporters has found little use of the new Venezuelan oil-backed cryptocurrency, an investigation at-odds with government statements claiming that petrol sales have increased $3.3 billion and that the coin is being used to pay for imports. A cabinet minister, however, said that the technology behind

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