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A look at Venezuela's economy as Maduro begins his second term

by Anu Anand and Danielle Chiriguayo Jan 10, 2019
An estimated 5 million Venezuelans have left the country due to high poverty rates.
Venezuelan President Nicolas Maduro delivers a speech during the ALBA Summit at the Miraflores Palace, in Caracas on March 17, 2015.
FEDERICO PARRA/AFP/Getty Images

Venezuela launches new currency, but problems remain

by Dan Gorenstein Aug 20, 2018
Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund.…
A man shows new five Bolivar-notes in Caracas on Aug. 20, 2018.
FEDERICO PARRA/AFP/Getty Images

Exchanging currency in Venezuela is a nightmare

by Jeff Tyler Mar 10, 2014
A new exchange system could bring the currency rate closer to the black market.