bolivar Archives - Tennessee Star

Venezuela’s New Currency Does Little So Far To Stabilize Economy

September 16, 2018September 15, 2018 Admin

Nicolas Maduro

<img width="840" height="480" src="https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480.jpg" class="attachment-full size-full wp-post-image" alt="Nicolas Maduro" loading="lazy" srcset="https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480.jpg 840w, https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480-768x439.jpg 768w, https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480-100x57.jpg 100w" sizes="(max-width: 840px) 100vw, 840px" />

by Hanna Bogorowski Venezuela introduced a new currency on Aug. 20 as a hopeful solution to the country’s rapidly devaluing currency and skyrocketing inflation rates, but after just a few weeks, Venezuela is already seeing 100 percent inflation. The Venezuelan government issued the new currency, called the “sovereign” bolivar,…

In An Effort to Stem Out-of-Control Hyperinflation, Venezuela Cuts ‘Five Zeros’

August 21, 2018August 20, 2018 Admin

Nicolas Maduro

<img width="840" height="480" src="https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480.jpg" class="attachment-full size-full wp-post-image" alt="Nicolas Maduro" loading="lazy" srcset="https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480.jpg 840w, https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480-768x439.jpg 768w, https://tennesseestar.com/wp-content/uploads/2018/08/Maduro-Venezuela_840x480-100x57.jpg 100w" sizes="(max-width: 840px) 100vw, 840px" />

Reuters Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed…