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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.
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Inflation, currency woes worsen 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.

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NODAL broke the news in on Monday, April 14, 2025.
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