MARACAIBO, Venezuela (ViaNews) – The sufferings of Venezuelan economy are hardly unknown these days. Inflation over 10,000 %, massive scarcity of basic products, an insignificant salary, rising dollar black market, cash almost inexistent, and so on. These issues are not isolated in the void. They bring deep social hardships. The critical impoverishment of many Venezuelans…
CARACAS, Venezuela (ViaNews) – Ending 2017, Venezuelan Government announced its intention to issue a new crypto asset called Petro (derived from petroleum) which would be backed by proven oil reserves. President Nicolás Maduro was thus answering to President Donald Trump’s decision to blockade the financial movements of the South American country which has the biggest…
MONTEVIDEO, Uruguay (ViaNews) – On Tuesday, Venezuela announced its own Cryptocurrency, called The Petro. A total of 100 million Petro coins – with an estimated value of US$6 billion – are going to be issued according to Venezuela´s Government. A private pre-sale of 38,4 million Petros has been launched after the official announcement, aiming to…
CARACAS, Venezuela (ViaNews) – The Trump administration is having some open conflicts inside its territory and in other places around the globe. North Korea, Iran, Russia, Syria, Jerusalem, and Venezuela are a sample such different conflict types. Some are just “declarations warfare”, some include economic sanctions, but none has yet escalated into classical war actions….
CARACAS, Venezuela (ViaNews) – Some argue Venezuela is at war with the U.S. Government and allies who want to seize the immense mineral wealth under the country’s surface and undermine the Chavista government. In a country once led by President-Commander Hugo Chavez, will the current President Nicolás Maduro change the course of history? Fourth generation…
CARACAS Venezuela (ViaNews) – It is well known that Venezuela has enjoyed times when high rates of tourists entering the country were public and notable. However, in recent decades foreign tourism has decreased dramatically, to the point that the data and indicators do not represent a significant figure in the annual economic reports. Taking into…
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) – The National Electoral Council (CNE), a branch of the Venezuelan government to oversee and guarantee the transparency of elections and referendums is on international news, allegedly for not doing its job. Apparently, there is a growing deep politicization of public elections in Venezuela over the recent years. Remarkably, since 2016, the…
CARACAS, Venezuela (VIANEWS) – One of the biggest lies of this century has emerged in Venezuela and is called the Arco Minero del Orinoco (AMO). The AMO was first announced by former president Hugo Chávez Frías in 2011. He would later include this new project on his governmental program for the period running from 2013-2019….
