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No country for French fries

“Mommy, can we get some French fries?” asked my daughter as we drove past the massive granite monolith that is the McDonald’s store of La Castellana in Caracas. “There are no French fries in Venezuela, baby” sentenced my wife. My daughter’s eyes dampened like that was the saddest thing she ever heard. And perhaps it was.…

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Let’s throw the BCV a bone

Less than a week after announcing an open tender for bids on security paper meant for printing Bs.50 and Bs.100 bills, the Venezuelan Central Bank (BCV), revealed that they are conducting a study on the merits of issuing a BsF. 500 banknote. That this realization is past-due would be an understatement: the graphic designs and printing sheet for…

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Eulogio, Venezuela’s mighty oil Czar

On Tuesday evening, President Nicolás Maduro announced what in revolutionary newspeak is referred to as a sacudón (shake-up), otherwise known to the rest of the globe as cabinet reshuffle. The most noteworthy replacement happened in the Ministry of the Popular Power for Petroleum and Mining. Eulogio Del Pino, who is, and will continue to be, the chief of state oil company PDVSA, will be taking…

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BCV: Who needs numbers when you have a well-dressed waitstaff?

Somewhere between not publishing official economic data and overseeing a banknote printing frenzy on steroids, Venezuela’s Central Bank (BCV) still finds time for the mundane. According to this tweet from Bloomberg News correspondent Nathan Crooks, our maximum monetary authority just announced an open tender for the procurement of (and I’m not making this up) tuxedos for waiters. As in,…

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We also look out for the reading-impaired

Non-reading TSJ magistrates and Central Bank economist can rest easy, thanks to Nelson Bocaranda´s feature of Anabella and Barbara´s open letter to the TSJ in his prime-time radio show today. Maybe TSJ folks just needed our request in audio format to get the memo. Yeah, that´s probably it. Listen in to Anabella´s on-point interview, which…

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Carta al TSJ

Estimado TSJ, Nos enteramos de que rechazaste la demanda que Transparencia Venezuela interpuso contra el presidente del BCV, Nelson Merentes, por no publicar indicadores macroeconómicos, por considerar que no presentaron “ninguna prueba” que demuestre que le solicitaron cumplir con su obligación de publicar “las principales estadísticas económicas del país”. Somos economistas, así que no nos movemos…