Saturday, April 17News That Matters

Tag: Venezuela

Inflation-battered Venezuela rolls out larger banknotes

Inflation-battered Venezuela rolls out larger banknotes

Politics
By means of Mayela Armas | Reuters CARACAS – Venezuela this week is rolling out larger-denomination banknotes as hyperinflation batters the crisis-stricken South American nation’s bolivar forex. Expenses value 200,000 bolivars – value simply 10 U.S. cents on the present trade price – started to flow into on Monday, consistent with Reuters witnesses. Venezuela’s central financial institution stated previous this month it additionally deliberate to roll out expenses value 500,000 and 1 million bolivars. The top-denomination invoice had prior to now been 50,000 bolivars. Annual inflation within the once-prosperous OPEC country was once operating at 2,665% in January, contributing to power shortages of money. “Those expenses in a couple of months may not be value the rest anymore, as a resu...
Trump hits Venezuela with further sanctions

Trump hits Venezuela with further sanctions

Politics
By means of Scott Smith | Related Press CARACAS, Venezuela — The Trump management issued a parting shot to Venezuelan President Nicolás Maduro on Tuesday, pronouncing a sweeping spherical of stiff monetary sanctions that focus on a community accused of transferring oil on behalf of the president’s alleged frontman. The U.S. Treasury Division hit 3 folks, 14 industry entities and 6 ships with monetary measures. They’re accused of helping the Venezuelan oil company PDVSA, beneath Maduro’s regulate, to outmaneuver previous U.S. sanctions designed to prevent the president from taking advantage of crude gross sales. Trump, who leaves the White Space on Wednesday, has led a world coalition over the past two years by means of exerting expanding force on Maduro to finish what U.S. officers nam...