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Venezuela

11 Mar
Venezuela is cutting six zeroes off the value of its currency, the bolivar. That's as its banknotes have become increasingly worthless due to runaway inflation.
23 Feb
An oil producer hard hit by the slump in global prices, Venezuela has seen its economy gradually deteriorate over the past decade, with international economic sanctions aggravating the crisis.
20 Nov 2021
Thousands of musicians are hoping to have set a record by performing as part of the world’s largest orchestra.
6 Oct 2021
Congo Mirador was once an idyllic spot: a community of homes on stilts that seemed to float on the calm waters of a lagoon in western Venezuela. Now, the community is inundated with mud, a victim of silt generated by the Catatumbo river.
4 Oct 2021
For the third time in 13 years, Venezuela has slashed zeroes off its inflation-battered currency, the bolivar. This time, it will shed six zeroes, for a total of 14 since 2008. With that, a million bolivars have overnight become one -- still the equivalent of about 25 US dollar cents. Venezuela's central bank announced the move last month to simplify transactions, with consumers scrambling to make payment for even the most basic goods or services. According to private sector estimates around two thirds of transactions in the country now happen in US dollars. Old banknotes now worth almost nothing have become children’s toys or lie discarded in streets around the country. The once-rich oil producer is battling its eighth year of recession and hyperinflation that reached nearly 3,000 percent in 2020 and more than 9,500 percent the year before, according to central bank figures.
22 Sep 2021
Mexico is presenting itself as the new champion of Latin American integration. To do that, it appears willing to embrace the continent's isolated autocratic leftist leaders. But it's a risky move.
7 Sep 2021
Venezuela's government and opposition agreed on some key points during the negotiations in Mexico. But there is still "a long way to go," according to the leader of President Nicolas Maduro's team.
17 Aug 2021
Key Venezuelan opposition figure Freddy Guevara, arrested for "treason" and "terrorism" last month, was released Sunday -- days after the start of new talks between the opposition and government.
17 Jul 2021
The opposition leader's wife reported the presence of armed officers at their residence live on Twitter. Authorities have meanwhile arrested Guaido's close ally Freddy Guevara on charges of terrorism and treason.
23 Jun 2021
While in Nigeria, we think of shaving a widow's head as a strange funeral tradition, but these four traditions make that pale into nothing.
28 May 2021
Raised in Philadelphia, the hometown of famous Hollywood character Rocky Balboa, Nalek Korbaj hopes to honour Venezuela's Olympic boxing tradition at the Tokyo Olympic Games.
27 Mar 2021
Venezuela suffers a deadly second wave of the coronavirus as the head of one medical clinic says the number of cases, and their seriousness, has increased compared to last year.

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