Dollar crossing 800 bolivars deepens erosion of Venezuelans’ income

The Daily Journal – The official exchange rate broke the 800-bolivar-per-dollar barrier on Wednesday, September 2, reaching Bs. 801.18, according to the rate published by the Central Bank of Venezuela (BCV). The U.S. dollar rose by 2.86 bolivars (0.36%) in a single day after closing Tuesday, September 1, at 798.32 bolivars. The euro also climbed […]

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Fiscal concerns and lack of transparency shape economists’ debate over U.S.-Venezuela oil deal

The Daily Journal – The announcement of the oil agreement between Venezuela’s Acting President Delcy Rodríguez and U.S. President Donald Trump has sparked widespread debate among the country’s economists. Unlike the critical consensus among former oil ministers, economic experts have expressed a broader range of views, from deep fiscal skepticism to cautious optimism and open […]

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Economist Hermes Pérez: Venezuela Must Reform the State Apparatus to Control Debt and Inflation

For economist Hermes Pérez, Venezuela must urgently reform its state apparatus to “control future debt payments” and “reduce inflation.” We recently spoke with the researcher, who used clear and accessible language to explain Venezuela’s complex economic situation. Yahvé Álvarez – Journalist and Historian Hermes Pérez is a distinguished researcher and university professor. During his 31-year […]

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