CARACAS Venezuela (ViaNews) – There is currently a climate of anxiety in the country about the complications to acquire cash. Given the economic measures announced in recent months by the national executive regarding the monetary cone (money belonging to the same currency), 5,000; 10,000; 20,000 and 100,000 Bolivares Fuertes (VEF) banknotes were added, freely circulating…
CARACAS Venezuela (ViaNews) – The study of the influence of the dollar and its impact on the black market has been a recurring theme over the past 4 years in Venezuela. The black market exchange rate in Venezuela is set by a web portal called “DolarToday”, which operates from the United States and it defines…
CARACAS, Venezuela (ViaNews) – In 1914, the Zumaque I, or MG-1, (the first oil well in Venezuelan territory) marked the beginning of the oil production in Venezuela. It was the milestone from agricultural to an oil-based economy, completely changing Venezuela’s contemporary history. Since then, oil has become a national symbol, associated with wealth-seeking, and strong…
CARACAS, Venezuela (ViaNews) – The high rates of insecurity in South America are longstanding. This is a constantly changing phenomenon and dependent on many variables such as political leadership, social organization quality and cohesion, unemployment rate, and economic stability. The increase of criminal activities in Venezuela has increased dramatically over the last 20 years. It…
CARACAS, Venezuela (ViaNews) – The 1920s saw Venezuela become a major oil-exporting country and it has, since then, ranked among the world’s top 10 hydrocarbon producing and exporting countries. Throughout history, there have been ups and downs within the supply and demand of oil crude, but what remained unchanged is the excessive economic dependence of…
Caracas, Venezuela (VIAnews) – Given the current situation in Venezuela, many young people have been forced to seek a better future in other countries. The culprits are the economic, political and social instability the country has been facing lately. High crime, violence and delinquency rates are causing insecurity issues. The excessive inflation is making it…
