We Venezuelans underwent a monetary reform starting in 1939 with the creation of the Central Bank of Venezuela (BCV), which from its foundation until 1974 (when it was fully nationalized) was a semi-private institution, constituted with private shareholders in addition to the State.
Logically, in a context of limited bank credit, rising prices, and exchange rate uncertainty, corporate financing becomes imperative. But where does that leave the end consumer?
Oil has historically been Venezuela’s most influential and alluring natural resource — a source of wealth, but also of inequality, geopolitical tension, and sanctions.
The administration of President Donald Trump has already announced at least seven attacks on vessels allegedly used for drug trafficking around Latin America.
Stephen Miller, perhaps President Donald Trump’s most trusted man, has emerged as the key ideological and most powerful figure within the White House in this second administration.
Bolivia is preparing to head to the polls this Sunday, August 17, in an election that, according to the latest polls, has a 99% chance of leading to a runoff on October 19.
