The Venezuelan Bolivar Tanks 24% of its Value in One Day

Dictatorship, devaluation, hyperinflation, drama. Those are just a few words to label what’s going on in Venezuela. The country, formerly described as a “socialist paradise” by the leftists in the region, is now facing the consequences of eighteen years of fiscal irresponsibility and production decay. The government has seized key industries. But what prompted this disaster? Many people talk about the decay of oil prices, which comprises 98% of Venezuela’s …
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