« 15,000 White South Africans to Be Given Asylum in RussiaStudent Loans Are Starting To Bite The Economy »

Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency

August 20th, 2018
Categories: News

Link: https://www.blacklistednews.com/article/67845/venezuela-in-chaos-after-maduro-announces-massive-95-devaluation-new-fx-rate-tied-to.html

Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for most citizens even as the country struggles with the greatest hyperinflation on record, surpassing even that of the Weimar Republic.

As a result of the enacted actions, the new version of the bolivar will be pegged to the value of the state cryptocurrency, the etro, which according to Bloomberg amounts to a 95% devaluation of the official rate, and will trade in line with where the black market was; the government will also raise the minimum wage more than 3,000 percent, which works out to about $30 a month.

No feedback yet

News

News

  • A very popular, tall white billionaire who preaches at his TED talks about reducing the world’s population by several billion people by “doing a really great job with vaccines” is now funding more toxic jabs to infiltrate Africa and reduce those…
  • A handful of violent left-wing thugs attacked federal officials while ‘protesting’ outside the Portland ICE office earlier this month, and one of these leftists is looking at spending potentially most of the rest of her life behind bars. The U.S.…
  • A report published by the Israeli newspaper Haaretz has revealed that private contractors hired by the Israeli army are being paid 5,000 shekels (approximately $1,500) for every Palestinian home they demolish in the Gaza Strip. The report further…
  • Whether it’s “hot weather” or “rising French fry prices,” many excuses are given for sexual assault and violence at German swimming pools. This allows the authorities to avoid stating the obvious. After underage girls were sexually assaulted in the…
  • Spain's lower house of parliament approved amendments to the Penal Code that could imprison parents, doctors and educators for up to two years if they resist irreversible gender transition procedures for minors, including delaying medicalization for…
  • The deliberate shooting and killing by Israeli soldiers of unarmed Palestinian civilians awaiting humanitarian aid at food distribution points in Gaza amounts to genocide, legal experts told Anadolu. Commenting on a report in the Israeli newspaper…
  • Leading industry experts are issuing fresh warnings regarding the globalist war on food as the so-called “elite” seeks to crack down on the general public’s meat consumption. American cattle rancher Shad Sullivan isn’t mincing words when it comes to…
  • A world-renowned French neurologist has issued a chilling warning after linking skyrocketing cases of deadly brain swelling disorders to Covid “vaccines.” Dr. Lina Jeantin, who led a team of medical doctors investigating surging reports of brain and…
  • The US special envoy for the country has compared militant-turned-president Ahmed al-Sharaa to George Washington. US President Donald Trump has dismantled much of the decades-old American sanctions program imposed on Syria and has ordered a review of…
  • "The West has never succeeded in that - they will not work it out this time also," the top Russian diplomat said. The collective West seeks after strategically defeating Russia, using the Kiev regime as a ram, but it will not succeed, Russian Foreign…
July 2025
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

  XML Feeds

Responsive CMS
FAIR USE NOTICE: This site contains copyrighted articles and information about environmental, political, human rights, economic, democratic, scientific, and social justice issues, etc. This news and information is displayed without profit for educational purposes, in accordance with, Title 17 U.S.C. Section 107 of the US Copyright Law. Thepeoplesvoice.org is a non-advocacy internet web site, edited by non-affiliated U.S. citizens. editor
ozlu Sozler GereksizGercek Hava Durumu Firma Rehberi Hava Durumu Firma Rehberi E-okul Veli Firma Rehberi