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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Venezuelan government devalued its bolivar currency for the second time in 12 months on Thursday, abolishing the lowest exchange rate as the Opec member fights to revive its economy. Intended to ...

However, for the members of OPEC, whose finances rely on black gold, the storm clouds show no signs of parting, and pressure is mounting on recession-hit Venezuela to rethink its reliance on oil and ...

Venezuela’s fiscal gap widened to 11% of GDP last year from 4% in 2011, according to Moody’s Investors Service. “This isn’t a change that was done for fiscal reasons,” Giordani said.

After successive political crises and economic devastation over the past 25 years the Venezuelan economy, with its industry ...

Q: What is the Colombian Peso worth against the Venezuelan Bolivar? A: One Colombian Peso is worth 0 Venezuelan Bolivar today Q: Is the Colombian Peso going up or down against the Venezuelan Bolivar?

Venezuela is undergoing a major crisis, which is evidenced by inflation in quadruple digits and shortages of food and medicine. Many economists blame the 15-year-old currency control system for ...