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

Monday 4 January 2021 1 VEF = 0.00000329 EUR 0.00000328 0.00000328 VEF EUR rate for 04/01/2021 Sunday 3 January 2021 1 VEF = 0.00000329 EUR 0.081785 0.00000331 VEF EUR rate for 03/01/2021 Saturday ...

Venezuelan authorities on Monday approved a new, privately run foreign exchange system that will ... have sold dollars at an advantageous rate for basic goods while at times also selling hard ...

However, its currency markets tell a different story. The Dólar Paralelo, Venezuela’s black-market exchange rate, continued its steep decline this week, with the national currency plunging past ...

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 ...

The collapse of international oil prices has intensified Venezuela's problems. Oil exports account for over 96 percent of its export earnings. Price controls and a chaotic exchange rate system ...