With Venezuela's collapsing government, "the collapse of everything else"

May 7, 2019
Why economist Carlos Hernández is staying in the country, despite political turmoil and zero economic opportunity.
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Bitcoin offers stability in Venezuela's shaky economy

One Venezuelan economist uses bitcoin to defend his family against financial instability.
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Living through the economic crisis in Venezuela

Feb 11, 2019
For lawyer Juan Carlos Senior, the crisis has meant consumer prices he just can afford.
"Hyperinflation is destroying everything," says Juan Carlos Senior, a lawyer in Caracas, Venezuela.
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A look at Venezuela's economy as Maduro begins his second term

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.
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Venezuela launches new currency, but problems remain

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.
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Venezuela turns to crypto currency, hoping to salvage battered economy

Feb 20, 2018
Venezuelan government will begin pre-selling a cryptocurrency today, called the "petro."

Why Venezuela is in the midst of an oil industry "death spiral"

Jan 19, 2018
New figures show Venezuela’s oil output plummeted again last year, continuing a years-long streak of falling production. What will it mean for the economy as inflation soars and quality of life for residents declines? Rice University’s Francisco Monaldi explains why he…

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Russia boosts soft power with energy investments

Nov 2, 2017
Venezuela’s state-owned oil company must make a $1.2 billion payment to creditors tomorrow as it risks defaulting it’s debt. Russia’s state-owned oil company Rosneft has made billions of dollars in loans to cash-strapped Venezuela and is likely to step in…

Venezuela’s debt could give China and Russia an oil market edge

Aug 2, 2017
As chaos in Venezuela continues, the Trump administration has imposed sanctions on President Nicolás Maduro and is threatening an embargo on Venezuelan oil. But that could backfire: if Washington pushes hard enough, Venezuela could go belly up on its debt, and…

Ahead of the controversial election, the scene in Venezuela is chaotic

There’s an election in Venezuela this Sunday that’s bringing the years of political and economic crisis to a head. Venezuela has suffered through general strikes and economic downturn, with skyrocketing inflation rates. And more than 100 people have been killed in…