Venezuela, Donald Trump and Maduro
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Foreign currency flows to Venezuela’s private sector, both in cash and cryptocurrency, could fall in the coming weeks after Washington ordered a blockade of oil tankers under sanctions, analysts and business leaders said,
US-Venezuela tensions are rising as tanker seizures and sanctions target oil exports. Here is how the pressure affects Venezuela’s economy, oil revenues, inflation, and what investors should watch in global markets.
Oil prices climbed after President Trump announced a blockade of sanctioned Venezuelan oil tankers, though weak global fundamentals capped the market’s upside.
The uncertainty surrounding Venezuela’s crypto regulator, SUNACRIP, can also be attributed to its ghost-ship status. The once-active (albeit controversial) agency that developed the state-backed “Petro” has become a shell of its former self due to the 2023 corruption scandal that resulted in the leadership being purged.
MERIDA, Venezuela — If you want to feel like a high roller, try exchanging some of your dollars for Venezuelan bolivares. The hefty wad of cash you get for exchanging U.S. currency is enormous and could get even more unmanageable in the months ahead ...
Regime change in Venezuela should open up its oil industry to foreign investment, but won't result in a transfer of oil assets to the U.S.
CARACAS, Nov 25 (Reuters) - Venezuela said on Wednesday it will tax hard-currency transactions between clients of the same bank, an effort by President Nicolas Maduro's government to boost tax revenue amid a broader economic liberalization. Years of ...
Seizures of more tankers could put a stranglehold on Venezuela’s economy, which is exceptionally dependent on oil to keep the government running and pay for basic necessities.
Here's one vivid illustration of how much trouble Venezuela's economy is in. I was recently in the city of Cucuta on Colombia's border with Venezuela, and I met a man creating paper sculptures for sale by the side of the road. Jorge Cordero is 19 years old.