The only useful Bolivar Fuerte banknote left
Back when it was introduced, in 2008, we all sensed that the “bolivar fuerte” nickname they used in knocking 3-zeroes off of the old bolivar had rich potential...
Economy
Keep walking...right over the BoP cliff-edge
Been having trouble shaking that end-of-times feeling over the looping Balance of Payments cliff-edge? Here’s some confirmation-bias catnip for you: Faced with an acute shortage of dollars and...
An Allegory of Superior (and Inferior) Organs
The Leader was cross. His flagship policy, the one he’d staked his reputation on, the one he’d learned from his revered predecessor, the Timeless One, could not be...
"New Conferry" Chronicles (Corrected)
Since its expropiation by the government almost two years ago, shipping company Conferry (which connects Margarita and Coche Islands with the mainland) has not lived up to its...
Malaysia's Petronas to PDVSA: Buh-bye
Malaysia’s Petronas is withdrawing from the Petrocarabobo oil fields in the Orinoco Heavy Oil Belt, citing irreconcileable differences with the government. The money quote from the Reuters piece:...
What a Venezuelan State-owned 5-star hotel looks like...
I’ve written before about the State-owned Venetur hotel chain, but thanks to this report from Peru’s Panamericana TV, we can see the current conditions inside one of its...
No good faith
The World Bank’s ICSID Arbitration Panel ruled a few days ago that Venezuela lacked “good faith” and did not adequately compensate ConocoPhillips for the seizure of the latter’s...
I-guana blame the right wing for this
A super-massive blackout is currently hitting large chunks of Venezuela. Surprised? Probably not. But Nicolás Maduro sure is surprised. The President has gone to Twitter to call the...
Visiting a public hospital? Bring your own hammock
The board of the Enrique Tejera Hospital in Valencia will now formally allow relatives of patients to bring hammocks, so they can sleep inside its premises at night....
The phantom bike menace
We’ve been hearing as of late that SICAD dollar auctions were being used as stopgap measures to avoid scarcity for particularly sensitive items. For example, many SICAD dollars are...
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