Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world’s most inflationary currency, according to the central bank.
Currently, the OPEC nation’s largest note is worth just 2 U.S. cents on the black market, meaning cash transactions are extremely cumbersome.
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Time For Truth: (Reuters) – Venezuela confirms bigger bills amid world's highest inflation
Two nephews of Venezuela’s first lady were found guilty on Friday on US charges that they tried to carry out a multimillion-dollar drug deal to obtain a large amount of cash to help their family stay in power.
Franqui Francisco Flores de Freitas and Efraín Antonio Campo Flores, nephews of Cilia Flores, the wife of the Venezuelan president, Nicolás Maduro, were convicted by a federal jury in Manhattan of conspiring to import cocaine into the United States.
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Time For Truth: (The Guardian) – Venezuelan president's relatives guilty in US cocaine trial
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
One policeman has been shot dead and dozens of people injured during anti-government protests in Venezuela.
At least 20 people have been injured and 80 detained nationwide, a local rights group has said.
Images circulated on social media of injured people on the ground. There are reports at least three were shot.
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Time For Truth: (BBC News) – Venezuela anti-Maduro protests: Policeman shot dead
Colombia’s flagship airline briefly grounded all flights to Caracas after a Venezuela air force plane flew close to a passenger jet, but the company said Saturday it was resuming service following clarifications from the two governments.
An Avianca Boeing 787 on a flight from Madrid to Bogota with some 200 passengers aboard was cruising at high altitude near Venezuela’s western border with Colombia Friday evening when a Venezuelan military plane was spotted on radar flying a short distance away, the Colombian Defense Ministry said in a statement.
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Time For Truth: (ABC News) – Colombia Airline Resumes Caracas Flights After Scare