Tag - venezuela

Venezuelans Turn to Bitcoin to Escape Currency Crisis

In Venezuela, the IMF has estimated that the inflation rate will surpass 700 percent by the end of the year, meaning that citizens’ wages will be worth only a seventh of what they were last year. If history is any guide, things will only continue to spiral out of control after that.

How Maduro Stole Christmas

Venezuelan president Nicolás Maduro has seized four million toys in order to redistribute them. Who wants to bet they go to his political supporters?

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