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

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Venezuela’s inflation crisis worsened in March 2025, with consumer prices surging 13.1% in a single month, according to the ...

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 ...

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 ...

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.

but also the Venezuelan bolivar exchange rate history in more detail. The currency code for Venezuelan bolivar is VEF.

The collapse of the currency is aggravated by oil’s low price—Venezuela can no longer count on its oil exports’ bringing back enough dollars, which means it can’t import enough goods to ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

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 ...

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 ...