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Bolivar News

17 Dec 2016

Demonetisation: Venezuela cash crisis leads to loot, protests

Desperate Venezuelans looted delivery trucks and clashed with police Friday as a botched plan to introduce new banknotes left people without cash -- the latest shortage in a spiraling economic crisis.

18 Feb 2016

Venezuela hikes gasoline price for first time in 20 years

Venezuela`s President Nicolas Maduro Wednesday ramped up gasoline prices for the first time in two decades, from $0.01 to $0.60 per liter, and devalued the bolivar currency in a bid to salvage the economy from crisis.

18 Feb 2016

Venezuela imposes gasoline hike, currency devaluation

Venezuela`s President Nicolas Maduro said Wednesday he would raise the price of gasoline and devalue the bolivar currency, as he faced growing pressure to ease an economic crisis.

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