Hyperinflation and Falling Revenues in Venezuela

!!!

Many observers think that Venezuela’s currency is about to crash due to hyperinflation, though others say the threat is a survivable one.  Venezuelan President Nicolás Maduro has ordered budget cuts in response to a sharp drop in oil prices, calling for salary reductions for himself and other senior government officials.  The opposition says Venezuela has “a failed socialist economy.” 

To read the full content subscribe today!