Venezuelan government devalued its bolivar currency for the second time in ... Economists had forecast a devaluation given the perilous state of the country's finances despite global oil prices ...

Meza said the inflationary problem in Venezuela seemed to stem from the need due of more international reserves to sustain currency parity. He added that accurate assessments were impossible in ...

That’s putting pressure on the bolivar because Venezuela funnels oil revenue into the currency market to keep the exchange rate stable. With a massive shortage of dollars expected, companies and ...

It will affect the flow of foreign currency and there will be more devaluation," said economist Jose Guerra of the Venezuelan Finance Observatory. Since Trump first imposed sanctions on Venezuela ...

Dolartoday.com's chart shows just how the value of the bolivar has plunged, with more and more units of the Venezuelan currency required to get hold of a single dollar: This time last year ...

That’s putting pressure on the bolivar because Venezuela funnels oil revenue into the currency market to keep the exchange rate stable. With a massive shortage of dollars expected, companies and ...