Inflation/Deflation Venezuela

 

President reportedly hopes falling price will cut domestic consumer energy billsBusiness live – latest updatesDonald Trump plans to use Venezuela's vast crude reserves to establish control of most of the western hemisphere's oil in an attempt to drive the market price down to about $50 a barrel, according to reports.The US president has repeatedly raised the prospect of producing enough crude from Venezuela's oilfields to drive down the US oil price from more than $56 a barrel today to about $50 to cut energy costs for consumers, according to the Wall Street Journal, which cited senior Trump administration officials. Continue reading......

Venezuelan inflation is skyrocketing as US President Donald Trump ratchets up his campaign to financially isolate the socialist regime in Caracas....

Venezuela's Crypto Adoption Surges Amid Inflation Surge And Currency Collapse Authored by Amin Haqshanas via CoinTelegraph.com, Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls. From small family stores to large retail chains, shops across the country now accept crypto through platforms such as Binance and Airtm. Some businesses even use stablecoins to pay employees, while universities have begun offering courses dedicated to digital assets. “There's lots of places accepting it now,” shopper Victor Sousa, who paid for phone accessories with USDt, told the Financial Times. “The plan is to one day have my savings in crypto.” Venezuela ranked 13th globally for crypto adoption, according to the Chainalysis 2024 Crypto Adoption Index report, which noted a 110% increase in usage in the year. Venezuela ranked 13th globally for crypto adoption. Source: Ch...

Unwelcome reminders from the worst days of Venezuela's economic crisis in 2019 are starting to crop up once again: rolling blackouts, triple-digit inflation and a foreign currency crunch....

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