The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. According to Reuters, President Nicolas Maduro has claimed that the new system will reduce the smuggling of fuel, as well as lead to...
The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is a move to keep up with hyperinflation, which the International Monetary Fund (IMF) predicts will...
Where cash is hard to find, therein lies boon and bumper crop for digital payments. Reuters reported that in Venezuela, the economic crisis has fostered an embrace of electronic payments, done via mobile device. The newswire stated that everyone, “from vegetable sellers to taxi drivers,” has...
October 28, 2021
Germans will have to dig a little deeper to overcome supply shortages and increased energy prices that are leading to higher production costs on myriad products, from their favorite beers to new cars, according to a Reuters report on Thursday (Oct. 28). That development is likely to help companies across Germany, Europe’s largest economy, but […]
September 05, 2018
The launch of a new payment system in Venezuela hasn’t gone smoothly, with citizens facing long lines for gasoline in border states. According to Reuters, President Nicolas Maduro has claimed...
July 27, 2018
The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is...
