Tue, 21-Oct-2025

Depreciating bolivar fell to 20 per dollar, making it difficult to control inflation

Bolivar depreciating

The depreciating bolivar makes it more difficult for Venezuela’s government to control inflation. Economists predict hyperinflation may return this year due to the economy’s nascent economic growth. Consumer prices rose 37.2% in December compared to November. According to official data for Wednesday, the depreciating bolivar fell to 20 per dollar, making it more difficult for … Read more

US extends protection of Venezuelan oil unit Citgo

oil

WASHINGTON – The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since early 2019, when US sanctions … Read more