Venezuela currency chaos even 'worse than it sounds,' says expert

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Daniel Osorio, Andean Capital Advisors, discusses the state of the Venezuelan economy as the government devalues the bolivar to rein in rampant hyperinflation.

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Inflation has skyrocketed, prices are at an all-time high and the national currency, the Bolivar, has lost much of its value, The financial devastation has led to mass migration, starvation and political unrest. President Nicolas Maduro blames it on what he calls an “economic war” against his country His critics say widespread corruption and the government's mismanagement are responsible. In an attempt to solve the problem, the government has introduced a plan to curb hyperinflation. There's a new currency, the 'SOVEREIGN BOLIVAR', which will remove five zeroes from banknotes. It's backed by a cryptocurrency, the Petro, that's pegged to the price of oil. The government is also raising the minimum wage by 3000 percent, raising taxes and increasing petrol prices for some drivers How are Venezuelans reacting to the new measures? Presenter: Mohammed Jamjoom Guests Paul Dobson, journalist Sonia Schott, Latin America analyst Charles Shapiro, Former US Ambassador to Venezuela - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/ #Economic crisis #aljazeeraenglish

1 месяцев назад
Massive currency devaluation adds to chaos in Venezuela

Massive currency devaluation adds to chaos in Venezuela

CNBC's Michelle Caruso-Cabrera reports on the devaluation and the country's latest policies in an attempt to turn the economy around.

1 месяцев назад
¡ASI ES EL SUPERMERCADO EN VENEZUELA!  *Un año después* 2018

¡ASI ES EL SUPERMERCADO EN VENEZUELA! *Un año después* 2018

¡LO QUE CAUSO NICOLÁS MADURO EN VENEZUELA ! LA VERDAD ESTÁ A LA VISTA, fui al supermercado de Venezuela y lo que vi fue impresionante. Sígueme: https://www.instagram.com/neurokillers/ Insta de Leopoldo: https://www.instagram.com/leopoldovillazan/ TWITTER: https://twitter.com/neurokillers FACEBOOK:https://www.facebook.com/Neurokillers/

3 недель назад