A young math prodigy from Maracaibo beat the odds to get accepted to MIT. But without financial aid, she can't go. And she can't get financial aid, because at the official exchange rate, she's a millionaire!
Tal día como hoy, in 2003, Venezuela began rationing foreign currency by fixing its price. Has any other policy done more to ravage Venezuelans’ livelihoods?
The alarming rate at which our oil output is reducing, makes us wonder what we’ll do with it if our main buyers find other alternatives, which they have already started doing, because that’s just how normal markets work. Guys, oil isn’t edible.
The chavista cryptocurrency is worth nothing and still they’re planning to sell 44 million units come March 29. They probably think people will rip them out of their bloody hands, like Clap bags.
My research suggests rapid money supply growth does not cause ordinary inflation. But I want to be clear that hyperinflation is a whole other story.
Facts and figures that might help you understand why it’s so hard to find cash in our country and Part II of the guayaneses’ odyssey and their many tactics to find cash.
Having ransacked the supermarkets, SUNDDE was forced to focus its attention on a higher link of the value chain, going after agrifood companies. Rinse, lather, repeat.
Caraqueños dealing with faulty and slow points-of-sale should know: it’s even worse in the rest of the country. Having cash may mean you’ll afford dinner, since prices are cheaper if you pay cash.
In 2017, some of the most brilliant people in the investment community, in El Rosal and Wall Street alike, fell for a trap that undid them. How a reckoning came to Venny Bull world.
Dollarization won’t be decreed by an economist wearing a suit from a podium in Caracas. It's going to come when taxi drivers figure out how dollars can “hacer su agosto, Navidad and Carnavales” all in one go.
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