News

With dollars scarce, Venezuela currency exchanges turn to crypto

Venezuela's government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private ...
Regtechtimes on MSN5d

Venezuela increases reliance on USDT for oil sales as PDVSA seeks alternatives to blocked payments

Venezuela, one of the world’s largest oil producers, is taking an unusual path to keep its oil trade flowing. Instead of ...

‘Binance dollars’ replace Venezuela’s bolívar as inflation hits 229%

Venezuelans are ditching the bolívar for stablecoins like USDt as inflation soars to 229%, with stablecoins now used for ...
KRQE Blogs4mon

Inflation, currency woes worsen Venezuela’s complex crisis as Maduro declares ‘economic emergency’

MARACAIBO, Venezuela (AP) — Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up ...
Reuters10y

Venezuela's currency woes an increasing threat to U.S. corporate profits

Jan 24 (Reuters) - Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of ...
Naija Gist - Latest7y

Venezuela launches virtual currency, hoping to resuscitate economy

The Venezuelan government has said the value of the petro will be tied in some way to the value of a barrel of Venezuelan oil. But the Maduro administration has not given many details on how this ...
Dayton Daily News4mon

Inflation, currency woes worsen Venezuela's complex crisis as Maduro declares 'economic emergency'

MARACAIBO, Venezuela (AP) — Erick Ojeda has no money. He returned to land almost empty-handed from an overnight trip fishing for shrimp. His sister and her newborn are waiting for him to pick them up ...