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DolarToday was founded on May 18, 2010. It is headquartered in Miami, Florida, United States.Prior to the election of Nicolás Maduro in 2013, DolarToday was the second most popular exchange rate reference in Venezuela, behind Lechuga Verde.
During Venezuela's economic crisis, the rate of gold excavated fell 64.1% between February 2013 and February 2014 and iron production dropped 49.8%. [35] The production of steel and aluminium of multiple Venezuelan steelmakers dropped in 2014, with the state-owned steelmaker Sidor having a drop in production of 33.5%, the lowest levels since the 1980s.
Venezuela was listed in the 2015 Press Freedom Index as 137th out of 180 countries, [a] and its position has worsened since: in 2021 Venezuela was listed as 148 out of 180. [ b ] and in 2023 it was listed in the 159th place, with its situation devolving from "difficult situation" to "very difficult situation" level. [ 1 ]
Hyperinflation in Venezuela was the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. [3] Venezuela began experiencing continuous and uninterrupted inflation in 1983 , with double-digit annual inflation rates.
Venezuela also dismantled CADIVI, a government body in charge of currency exchange. CADIVI was known for holding money from the private sector and was suspected to be corrupt. [121] Venezuelans eating from garbage in late 2015. Venezuela again topped the misery index according to the World Bank in 2015.
Statue of Hugo Chávez being pulled down during the 2024 Venezuelan protests. The 2024–2025 Venezuelan political crisis is the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced.
Central Bank of Venezuela Building. The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela.It is responsible for issuing and maintaining the value of the Venezuelan bolívar and is the governing agent of the Venezuelan Clearing House System (including an automated clearing house).
Venezuela and Canada have had diplomatic relations since January 1953. The relations between the two countries have been based on mutual commercial interests; especially in technology, oil and gas industry, telecommunications and others. Venezuela is Canada's second largest export market in South America for goods as well as for services. [65]