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On the same day Nicolás Maduro was sworn in to serve a six-year term as the president of Venezuela, the U.S. announced a $25 million reward for his arrest.
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.
With her arms full of $11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a $10 or $20 ...
Other economists, such Ecoanalitica director Asdrubal Oliveros, estimate a less dramatic drop of 30%, depending on how severely the global crisis affects employment.A quarter of Venezuelans ...
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.
In 2008, the Chávez government revalued the Venezuela currency by a ratio of 1:1000, thus creating a new currency known as the bolívar fuerte (Eng.: "bolivar") but kept the currency pegged to a higher rate against the dollar than the market value. Since 2003, this has created a scarcity of foreign currency, as confidence in the bolivar ...
CARACAS (Reuters) -Venezuela's Supreme Justice Tribunal on Thursday ratified President Nicolas Maduro's victory in the July 28 presidential election, sealing institutional backing for the ruling ...
The technical default period ended 13 November 2017 and Venezuela did not pay coupons on its dollar eurobonds, causing a cross-default on other dollar bonds. A committee consisting of the fifteen largest banks admitted default on state debt obligations which in turn entailed payments on CDS on 30 November. [308]