venezuelan bolivar

This tag is associated with 2 posts

Petrol Pump Pain: Venezuelan Gasoline Prices Jump 6,000%

Posted by ETFalpha ⋅ February 18, 2016 ⋅ 1 Comment

Gasoline will no longer be cheaper than water for Venezuelans after President Nicolas Maduro devalued the national currency and raised petrol prices sixty-fold. I take responsibility for it, said Maduro. Caracas has hiked petrol prices for the first time in 20 years, as the oil-dependent Venezuelan economy is no longer able to subsidize prices at … Continue reading →

Venezuelan Economic Slump To Deepen As Economy Is Crashing 9% And Inflation Over 1,000%: Barclays

Posted by EM_Equity ⋅ September 26, 2015 ⋅ 1 Comment

The situation in Venezuela is bad, and things are going from bad to worse — as we have highlighted and warned about repeatedly — amid the tumble in the price of global oil, a plunge in the nation’s currency and reserve currencies, consumer goods shortages, hyperinflation, a selloff in emerging markets, a global market selloff. You get the picture. Last … Continue reading →