The latest economic developments were the greatest fears of many Venezuelans ahead of last year’s presidential election. So ...

That’s putting pressure on the bolivar because Venezuela funnels oil revenue into the currency market to keep the exchange rate stable. With a massive shortage of dollars expected, companies and ...

Venezuela relies on oil for 93% of its exports, and last year oil exports brought in more than 87 billion US dollars. However the amount is expected to drop sharply this year, some analysts expect ...

Venezuelan government devalued its bolivar currency for the second time in 12 months on Thursday, abolishing the lowest exchange rate as the Opec member fights to revive its economy. Intended to ...

That’s putting pressure on the bolivar because Venezuela funnels oil revenue into the currency market to keep the exchange rate stable. With a massive shortage of dollars expected, companies and ...