MEDELLÍN, Colombia — Faced with nearly incomprehensible inflation — 32,714 percent as of Wednesday — Venezuelan officials thought they had a solution: They changed the color of the bank notes and ...
Ernesto, a gastronomic entrepreneur in Cumaná, a coastal Venezuelan city facing the Caribbean Sea, initially thought that Venezuela’s new digital bolivar — English translation of “bolivar digital” — ...
Stablecoins may play an even bigger role in the already unstable Venezuela following a series of war threats from US President Donald Trump over the last week.
Venezuela’s inflation crisis worsened in March 2025, with consumer prices surging 13.1% in a single month, according to the Venezuelan Finance Observatory, an independent monitoring group. The jump ...
(Bloomberg) -- Venezuela is letting the bolivar depreciate as the government tries to quell demand for US dollars that’s been rising since July’s election, risking sparking a new bout of inflation.
CARACAS, March 22 (Reuters) - Venezuela’s President Nicolas Maduro ordered a re-denomination of the ailing bolivar currency on Thursday, by knocking three zeroes off amid hyperinflation and a ...
President Nicolás Maduro’s opponents hope a new period of economic pain will finally topple his government. He is using cryptocurrency to hold on.