In Venezuela, the United States dollar has been vilified by the socialist regime time and time again for nearly a quarter of a century, and yet, at the end of the day, the Maduro regime can’t get enough of it.
CARACAS, Venezuela – Socialist dictator Nicolás Maduro proclaimed on Wednesday that the de-dollarization of world trade is “inevitable,” the latest in a series of statements against the U.S. currency.
CARACAS — Inflation is a fearsome beast, and it’s plagued my country, Venezuela, for longer than I’ve existed.
Venezuela’s bolivar currency is quickly becoming worthless as foreign merchants and local businesses demand all payments in dollars.
The monthly minimum wage in the socialist country of Venezuela has crashed to under four dollars a month as hyperinflation continues to crush the country’s shattered economy.
Venezuelan President Nicolas Maduro has raised the country’s minimum wage by 50 percent amid soaring inflation that has rendered its currency practically worthless.
On the latest edition of In Contact with Maduro, Venezuelan President Nicolás Maduro’s television show, the socialist food distribution groups known as the CLAP debuted a personalized Christmas carol celebrating Maduro’s decision to allow Venezuelans to use 100 bolívar bills through January.
Venezuelans are looting shops, desperately lining up at banks, and burning their highest-denomination bolívar bills following a failure by President Nicolás Maduro to distribute new bills in light of the nation’s official descent into hyperinflation.
A study finds that more than 2.4 million Venezuelans resort to eating garbage to survive, as video of this phenomenon surfaces – Venezuelans patiently waiting for markets to throw away their rotted produce and dig for anything remotely edible.
