With the value of Venezuela’s largest banknotes reduced to a few U.S. cents by triple-digit inflation and the currency’s collapse on the black market, the country’s central bank said it will begin circulating higher-denomination notes this month.
New denominations including bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars will start appearing at banks from Dec. 15, according to a Central Bank statement, adding that coins of 10, 50, and 100 bolivars would also be released. Bloomberg News first reported the plans for larger bills on November 30.
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Time For Truth: (Bloomberg) – Venezuela to Issue Bigger Bills This Month as Currency Plunges
The medical student told me to use his name. He said he didn’t care. “Maduro is a donkey,” he said. “An asshole.” He meant Nicolás Maduro, the President of Venezuela. We were passing through the wards of a large public hospital in Valencia, a city of roughly a million people, a hundred miles west of Caracas. The hallways were dim and stifling, thick with a frightening stench. Some were full of patients waiting silently in long lines outside exam rooms. Others were dark and deserted, with the overhead lighting ripped out. The medical student, lithe and light-haired, kept us moving, peering through swinging doors, conferring with colleagues in blue scrubs.
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Time For Truth: (10 News) – Venezuela, A Failing State
His economy is in freefall, his citizens are taking to the streets to demand his ouster and his country can’t even pull off an international soccer match without things going haywire. So Venezuelan President Nicolás Maduro responded last week by hosting a new radio program, called “The Hour of Salsa,” in which he insulted the political opposition—then spun tunes and danced around the studio with his wife. Maduro followed up this bizarre performance with a speech in which he declared that “neither through elections nor bullets” would the opposition ever gain control of the Miraflores presidential palace.
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Time For Truth: (Time) – Think Politics Are Bad in the U.S.? Welcome to Venezuela
Some Venezuelan city dwellers are trying to grow their own produce to offset the country’s severe shortages following socialist President Nicolás Maduro’s calls for “food sovereignty.”
But in a country where families are going hungry as a result of government mismanagement and sky-high inflation, many view the “Great Agro-Venezuela Mission” with skepticism.
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Time For Truth: (The Washington Post) – Venezuela is telling hungry city dwellers to grow their own food
Venezuela’s President Nicolas Maduro threatened on Friday to jail his political opponents if they follow through on their vow of launching a legislative trial to remove him from power.
Shrugging off a partially-observed strike which the opposition called to raise pressure on him, the socialist president went on the counterattack.
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Time For Truth: (Yahoo News) – Venezuelan president threatens to jail opponents