Inflation, currency woes worsen Venezuela’s complex crisis as Maduro declares ‘economic emergency’
- Nicolás Maduro declared an 'economic emergency' in Venezuela due to worsening inflation and currency issues, marking a 12-year crisis.
- Venezuela's economy is suffering as key oil revenue declines amid renewed economic sanctions against Maduro for electoral fraud, leaving little room for government response.
- Economist Pedro Palma projects an inflation rate between 180% and 200%, indicating a severe crisis.
- Resident Urdaneta expressed concern about his income prospects amidst the economic turmoil, describing it as 'very bleak.
20 Articles
20 Articles
Inflation worsens Venezuela's complex crisis as Maduro declares 'economic emergency'
Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up from a hospital. He has had no luck finding a ride there, so he is still helping fishermen get boats out of the water and weigh what little they caught.The fishermen are all struggling, like most everyone in Venezuela, whose protracted crisis continues to evolve, entering a cri
President Maduro: Venezuela's Seas Open to Cooperation with Russia
Venezuelan President Nicolás Maduro said that Venezuela’s seas are open to cooperation with Russia in building a new world where there is peace and independence for the people. He made this statement during his visit to the Admiral Vladimirsky ocean research vessel, which arrived in Venezuela this Saturday at the Port of La Guaira. “We appreciate your visit to reaffirm the path of joint work between the Russian and Venezuelan military forces,” t…
President Nicolás Maduro Boards Russian Vessel in La Guaira, Strengthening Bonds with Russia. - teleSUR English
Venezuelan President Nicolás Maduro welcomed the Russian scientific vessel Admiral Vladimirsky in La Guaira, reaffirming cooperation in maritime security and technology between Venezuela and Russia, and emphasizing their joint struggle for peace and independence. Related: Presidents Maduro and Putin Confirm Their Countries’ Strategic Alliance Maduro Welcomes Russian Scientific Vessel Admiral Vladimirsky in La Guaira Venezuelan President Nicolás …
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