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As Venezuela printed more money for their social programs, the Bolívar continued to devalue for Venezuelan citizens and merchants since the government held the majority of the more reliable currencies. [206] As of January 2018, the strongest official exchange rate was 1 US$ to 10 VEF while the free market exchange rate was over 200,000 VEF to ...
In my more recent research, I estimate that had it not been for U.S. economic sanctions, approximately 4 million Venezuelans would have chosen to stay in their country rather than flee abroad.
As Venezuela printed more money for their social programs, the bolívar continued to devalue for Venezuelan citizens and merchants since the government held most of the more reliable currencies. [67] Because merchants could purchase only limited amounts of necessary foreign currency from the Venezuelan government, they resorted to the black market.
Venezuelan men initially left their wives, children and elderly relatives behind as they fled the country to find work in order to send money back home. [43] Mothers and children would later leave Venezuela to find their families as they grew exacerbated with the crisis as remittances could not sustain their daily needs. [43]
The prolonged economic and political instability in Venezuela has forced millions of Venezuelans to leave over the past decade, quashing many of their dreams and leaving many wondering if they'll ...
This month, for the first time in a decade, Venezuela will hold an election in which Maduro’s government is being challenged by an opposition with a credible chance of winning.
Several other factors have led to shortages: imports over the two years until the end of 2017 declined by two-thirds; hyperinflation has made food too costly for many Venezuelans; and for those who depend on food boxes supplied by the government, "these do not reach all Venezuelans who need them, provision of boxes is intermittent, and receipt ...
Venezuelans without a lawful immigration status in the United States could be sent back to their country. That includes Venezuelans in the United States who have illegally crossed into the country ...