Nowhere is inflation higher than in Venezuela. The central bank can't print the money fast enough. Venzuelan president Nicolás Maduro has taken emergency measures to print new banknotes in higher denominations.
A Venezuelan councilman accused of planning the failed assassination attempt on President Nicolas Maduro has died while in detention. The government claims he committed suicide; the opposition insists he was killed.
The Venezuelan economy is in freefall, crippled by a currency crisis that has seen inflation soar to farcical levels. The country’s populist government introduces measures on Monday aimed at halting the collapse.
Thousands of people are fleeing Venezuela amid food, power and medicine shortages. President Nicolas Maduro's government now wants to strengthen border controls and has raised the price for passports.
Venezuela is in the middle of an economic meltdown, facing chronic inflation and an acute shortage of essential goods. The government wants to tackle the situation by raising fuel prices. But that could prove tricky.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version