Inflation, currency woes worsen Venezuela’s complex crisis as Maduro declares ‘economic emergency’ -
💨 Abstract
In Venezuela, fisherman Erick Ojeda struggles to make ends meet amidst a worsening economic crisis. The country's economy has been unraveling, with key oil revenue drying up due to renewed economic sanctions and the government having limited wiggle room to respond. The Venezuelan bolivar has lost much of its value, with the black market exchange rate reaching 100 bolivars to $1.
Courtesy: wtop.com
Summarized by Einstein Beta 🤖
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