01.09.17: Abandonment

In an unprecedented move, the National Assembly declared the office of President of the Republic to have been abandoned today and Continue reading →

09.14.15: Cash

Foreign Affairs Minister Delcy Rodriguez has refuted the Colombian Ministry of Defense’s claim that two Venezuelan military airplanes violated its Continue reading →

04.28.15: Lion Tamers

The national government announced today a series of electrical rationing measures to come into effect tomorrow in an attempt to curb Continue reading →

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 →

02.26.15: Guasdualito

Venezuelan democracy was dealt another blow today, as the mayor of the city of Guasdualito in Apure was unceremoniously removed from her Continue reading →

02.10.15: SIMADI

For up-to-date exchange rate numbers (including the SIMADI) rate, visit this website.  Minister of Finance Rodolfo Marco Torres announced the much-anticipated Continue reading →