04.10.15: CENCOEX Reductions

The government announced today that it was drastically reducing the amount of foreign currency Venezuelans can apply for and receive Continue reading →

04.01.15: Semana Santa

The director of Econometrica, Henkel Garcia, said today that the government’s insistence on operating three different exchange rates – CENCOEX (Bs. Continue reading →

03.27.15: Starting at Zero

SIMADI, the third tier of the Venezuelan currency exchange system, processed 17,000 transactions during its first month of operation, totalling $2.6 Continue reading →

03.05.15: Dangerous Situations

Maduro spoke on fears raised by Uruguayan President Jose Mujica and published by the Spanish newspaper EFE that Maduro would try to fabricate Continue reading →

01.03.15: “Smells like Devaluation!”

Miranda state Governor Henrique Capriles took to Twitter today to remind Venezuelans that the embezzlement of approximately 20 billion dollars through CADIVI Continue reading →

August 16: “Immoral and Obscene”

Spain’s ABC published an article today in which it alleges that Maduro and Chavez’s daughters have spent an average of €2.6 million every Continue reading →