News of bolivar

Closing the 'escape valve' – Venezuela pursues de-dollarisation

06-05-2022 10:45 Venezuela is now trying to re-energise its own currency, the bolívar, which has been crippled by devaluation in recent years.

VENEZUELAN ECONOMY

Venezuela's risky currency stabilisation to tackle inflation

27-03-2022 08:42 The beleaguered bolívar has, against all odds, managed to stabilise since October, thanks to a US$2.2-billion investment by the state.

CRISIS IN VENEZUELA

A million bolivars become one as Venezuela recalibrates battered currency

30-09-2021 22:30 For the third time in 13 years, Venezuela on Friday will slash zeroes off its inflation-battered currency, the bolivar. This time, it will shed six zeroes, for a total of 14 since 2008.

ECONOMIC TURMOIL

Venezuelans desperately ditching bolivars as inflation bites

10-08-2021 14:02 Venezuela announced Thursday it would knock six zeroes off its currency – the third time in 13 years it has redenominated the bolivar. Faith in physical bank notes is at an all-time low, and people want rid of them.

CRISIS IN VENEZUELA

Venezuela to slash six zeroes from its currency

05-08-2021 14:25 Venezuela will slash six zeroes off its inflation-battered currency to make it easier to use, the Central Bank said on Thursday.

INTERVIEW / VENEZUELAN PRESIDENT

Nicolás Maduro: ‘The sanctions are illegal, immoral and should be lifted'

25-06-2021 23:30 Venezuela, says Nicolás Maduro, has broken free of "irrational, extremist, cruel" US oppression. But in between his denunciations of Yankee imperialism, the president is making a public plea and aiming it directly at Joe Biden. The message? It's time for a deal.