Luis Salas, the new 39-year-old vice president for the economy, has scant administrative experience, but champions the same theories of price and currency controls that have defined Venezuela's ...

By this point, the gap between the black market dollar rate and the official rate hit its widest since 2022 ... These variances reflect Venezuela’s uneven economic suffering, with some regions ...

Venezuela, a country in South America, has the largest oil reserves in the world. But over the last few years, the country has faced serious challenges. Corruption, bad management, and tough economic ...

Things seemed to be looking up for Venezuela in 2022. Following years of authoritarian rule and withering economic sanctions, President Nicolás Maduro had agreed to work toward a democratic ...

CARACAS – Venezuela’s economy grew over 9% in 2024, President Nicolas Maduro said, according to a transcript of an interview published by Mexican media outlet La Jornada on Wednesday. “In 2023, we had ...

Crashing oil prices have left Venezuela, which gets 95% of its export ... Unrelenting inflation has also staggered the economy. The rate reportedly reached 69% in December 2014, and estimates ...

Venezuela's economy has experienced a prolonged crisis marked by triple-digit inflation and the exodus of more than 7 million migrants seeking better opportunities abroad. Many of Machado's ...

TASS/. Venezuelan economy shrunk by 47.7% since 2013, the country's Central Bank said in a report released on Tuesday. According to the report, inflation in Venezuela reached 130,060% in 2018.