Venezuela has closed its border with Colombia for three days to try to stop smuggling gangs who are accused of causing economic turmoil. The government in Caracas says they buy up subsidised goods in ...

In 2008, the government lopped three zeros from the currency and issued new bills and coins. * The currency in Venezuela's oil-dominated economy has a recent history of instability.

Venezuela As Venezuela’s currency crashes, Maduro locks up analysts, shuts down dollar trackers By Antonio Maria Delgado June 20, 2025 3:21 PM Venezuelan strongman Nicolás Maduro Rayner Peña R EFE ...

In May, the U.S. allowed oil giant Chevron's license to operate in Venezuela to expire - a significant blow to Maduro's access to hard currency.

Inflation, currency woes worsen Venezuela's complex crisis as Maduro declares 'economic emergency' Venders sell in the street in Caracas, Venezuela, Friday, April 11, 2025. Credit: AP/Ariana Cubillos ...

Venezuela faces soaring inflation as the currency collapses, oil production drops, and U.S. sanctions tighten, sparking fears of a new economic disaster.

The South American country of Venezuela has decided to shut down the renowned cryptocurrency ventur e known as Petro, which is known to be President Maduro's project launched six years ago.

FACTBOX-Venezuela's bolivar currency devaluation By Reuters December 30, 201011:20 AM PSTUpdated December 30, 2010 ...

If current trends persist, Bank of America projects an inflation rate of 530% for 2025 - potentially Venezuela's worst economic year since the infamous hyperinflation cycle of 2017–2019.

CARACAS (Reuters) - Venezuela's "petro" cryptocurrency will initially be offered in a pre-sale in hard currency and other cryptocurrencies, the government ...

MEXICO CITY — With Venezuela suffering one of the most severe economic collapses of modern times, the beleaguered administration of President Nicolás Maduro announced Tuesday that it had begun ...

By AFP Published March 24, 2022 Venezuela continues to register the highest inflation in the world with 686 percent in 2021, although it has fallen a long way since reaching 130,000 percent in ...